Bill116th CongressFiled Jan 10, 2019Finance and Financial Sector
H.R. 471
Taxpayer Exposure Mitigation Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jan 10, 2019)
Taxpayer Exposure Mitigation Act
This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.
What just happenedJan 10, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
1committees3actions3subjects
- Introduced in HouseJan 10, 2019
- Jan 10, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jan 10, 2019IntroReferralIntro-H
Introduced in House
- Jan 10, 2019IntroReferral1000
Introduced in House