Bill117th CongressFiled May 20, 2021Finance and Financial Sector
H.R. 3417
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 (May 20, 2021)
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 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