Bill118th CongressFiled Mar 1, 2023Finance and Financial Sector
H.R. 1306
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 (Mar 1, 2023)
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 happenedMar 1, 2023
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
1committees3actions
- Introduced in HouseMar 1, 2023
- Mar 1, 2023IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 1, 2023IntroReferralIntro-H
Introduced in House
- Mar 1, 2023IntroReferral1000
Introduced in House