Amendment provides that people forced to purchase flood insurance as a result of a new map who live in an area where the levees were previously certified, and have now been decertified, will receive a grace period of 5 years in which they will be entitled to a 50 percent reduction in their flood insurance premium.

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Amendment Number
816
Description
Amendment provides that people forced to purchase flood insurance as a result of a new map who live in an area where the levees were previously certified, and have now been decertified, will receive a grace period of 5 years in which they will be entitled to a 50 percent reduction in their flood insurance premium.
Purpose
An amendment numbered 2 printed in Part B of House Report 110-351 to say that people forced to purchase flood insurance as a result of the new map who have lived in an area where the levees were previously certified, and have now been decertified, will receive a grace period of 5 years in which they will be entitled to a 50% reduction in their flood insurance premium while the levees are being recertified.
Congress
110
Type
HAMDT
Latest Action Date
Sep 27, 2007
Latest Action Text
On agreeing to the Cardoza amendment (A003) Agreed to by voice vote.
Latest Action Time
14:21:18
Submitted Date
Sep 27, 2007
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 816 — Informed