Bill117th CongressFiled May 20, 2021Finance and Financial Sector
H.R. 3415
To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
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Became LawLaw
What it doesSummary introduced in house (May 20, 2021)
This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.
FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.
What just happenedMay 20, 2021
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
1committees3actions
- Introduced in HouseMay 20, 2021
- May 20, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - May 20, 2021IntroReferralIntro-H
Introduced in House
- May 20, 2021IntroReferral1000
Introduced in House