Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house with amendment(s) (Jul 14, 2017)
(Sec. 1) This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.
FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.
What just happenedJul 14, 2017
Placed on the Union Calendar, Calendar No. 156.
Who’s behind it
Placed on the Union Calendar, Calendar No. 156.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-221.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-221.
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
(Sec. 1) This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.
FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.
This bill amends the National Flood Insurance Act of 1968 to direct the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.
FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.