Bill118th CongressFiled Mar 1, 2023Finance and Financial Sector
H.R. 1309
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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What it doesSummary introduced in house (Mar 1, 2023)
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 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