Bill117th CongressFiled Sep 23, 2021Finance and Financial Sector
S. 2832
No NFIP Subsidies for Millionaires Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Sep 23, 2021)
No NFIP Subsidies for Millionaires Act
This bill requires that the premium rate for flood insurance provided through the National Flood Insurance Program (NFIP) for single-family homes valued at more than $1 million be based on sound actuarial principles and not be subject to any rate caps. Under current law, certain types of property are not charged actuarial rates for NFIP coverage.
What just happenedSep 23, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Lee, Mike [R-UT](R-UT)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions
- Introduced in SenateSep 23, 2021
- Sep 23, 2021IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Sep 23, 2021IntroReferral10000
Introduced in Senate