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S. 2172

Small Business Surcharge Relief Act

Small Business Surcharge Relief Act

This bill partially exempts small businesses and nonprofit organizations from the Homeowner Flood Insurance Affordability Act (HFIAA) surcharge. The bill limits application of the HFIAA surcharge to two buildings on the same property, exempting additional buildings. The business or organization must certify that the savings will be used for flood mitigation on the property.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sen. Wicker, Roger F. [R-MS](R-MS)Sponsor
1committees2actions6subjects
  1. IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. IntroReferral10000

    Introduced in Senate

Small Business Surcharge Relief Act — Informed