Flood Insurance Integrity Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 13, 2019)
Flood Insurance Integrity Act of 2019
This bill directs the Government Accountability Office (GAO) to review every four years the rate tables established by the Federal Emergency Management Agency (FEMA) for implementing the National Flood Insurance Program (NFIP). The GAO must determine whether (1) the chargeable premium rates for flood insurance coverage are actuarially sound, based on standard actuarial practices used in the private sector; and (2) such chargeable premium rates are sufficient to ensure the long-term financial sustainability of NFIP.
The bill also directs the GAO to review annually the process for establishing and updating flood insurance rate maps and determine the degree of accuracy of the mapping process.
What just happenedJun 13, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJun 13, 2019
- Jun 13, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jun 13, 2019IntroReferralIntro-H
Introduced in House
- Jun 13, 2019IntroReferral1000
Introduced in House