Pipeline · Bill → Law
Step 1
Introduced
Jun 22, 2023
Step 2
Referred
Jun 22, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Mar 12, 2024
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2026. The bill addresses NFIP coverage, cost, and availability, including by generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years; revising flood insurance coverage limits; establishing a means-tested program to provide financial assistance to low-income households through policy discounts; and revising standards and certification requirements for flood insurance rate maps. The bill also revises administrative provisions of the NFIP, including by allowing for the continuous op...
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Timeline · 3 actions
Mar 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jun 22, 2023
Introduced in Senate
Jun 22, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.