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Bill115th CongressFiled Jun 8, 2017Finance and Financial Sector
H.R. 2868

National Flood Insurance Program Policyholder Protection Act of 2017

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house without amendment (Jul 11, 2017)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

National Flood Insurance Program Policyholder Protection Act of 2017

(Sec. 2) This bill amends the National Flood Insurance Act of 1968 to limit the chargeable flood insurance premium for a residential property having 4 or fewer residences to no more than $10,000 a year, subject to adjustments for future inflation.

(Sec. 3) In determining chargeable premium rates, the Federal Emergency Management Agency (FEMA) shall offer a rate reduction if policyholders implement specified mitigation methods. Mitigation techniques that qualify for such rate reduction include methods that can be utilized on a block or neighborhood scale, and the elevation of mechanical systems.

(Sec. 4) FEMA shall conduct a study of the feasibility of providing coverage for individual units in cooperative housing projects.

What just happenedJul 11, 2017

Placed on the Union Calendar, Calendar No. 148.

Who’s behind it

Rep. Zeldin, Lee M. [R-NY-1](R-NY)Sponsor
2 cosponsors2 D
Read on Congress.gov
2cosponsors1committees8actions1related bills5subjects
  1. Jul 11, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 148.

  2. Jul 11, 2017CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-211.

    Financial Services Committee
  3. Jul 11, 2017Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-211.

    Financial Services Committee
  4. Jun 15, 2017Committee

    Ordered to be Reported by the Yeas and Nays: 53 - 0.

    Financial Services Committee
  5. Jun 15, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Jun 8, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  7. Jun 8, 2017IntroReferralIntro-H

    Introduced in House

  8. Jun 8, 2017IntroReferral1000

    Introduced in House

Reported to House without amendmentJul 11, 201779

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

National Flood Insurance Program Policyholder Protection Act of 2017

(Sec. 2) This bill amends the National Flood Insurance Act of 1968 to limit the chargeable flood insurance premium for a residential property having 4 or fewer residences to no more than $10,000 a year, subject to adjustments for future inflation.

(Sec. 3) In determining chargeable premium rates, the Federal Emergency Management Agency (FEMA) shall offer a rate reduction if policyholders implement specified mitigation methods. Mitigation techniques that qualify for such rate reduction include methods that can be utilized on a block or neighborhood scale, and the elevation of mechanical systems.

(Sec. 4) FEMA shall conduct a study of the feasibility of providing coverage for individual units in cooperative housing projects.

Introduced in HouseJun 8, 2017

National Flood Insurance Program Policyholder Protection Act of 2017

This bill amends the National Flood Insurance Act of 1968 to limit the flood insurance premium for a residential property having four or fewer residences to no more than $10,000 a year, subject to adjustments for future inflation.

In determining premium rates, the Federal Emergency Management Agency (FEMA) shall offer a rate reduction if policyholders implement specified flood damage mitigation methods. Mitigation techniques that qualify for a rate reduction include methods that can be utilized on a block or neighborhood scale, and the elevation of mechanical systems.

FEMA shall conduct a study of the feasibility of providing coverage for individual units in cooperative housing projects.

National Flood Insurance Program Policyholder Protection Act of 2017 — Informed