H.R. 1267
Flood Insurance Premium Relief Act of 2013
Referred to the House Committee on Financial Services.
Sponsor
Rep. Palazzo, Steven M. [R-MS-4]
Bill Details
- Update Date
- Nov 15, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 1,267
- Congress
- 113
- Introduced Date
- Mar 19, 2013
- Policy Area
- Emergency Management
- Is Law
- No
Referred to the House Committee on Financial Services.
Source: House floor actions
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
Flood Insurance Premium Relief Act of 2013 - States that the flood insurance risk premium rate for property purchased between July 6, 2012, and January 1, 2015, shall, during the 12-month period beginning upon such purchase, be the amount chargeable for such property immediately before its purchase (thus delaying implementation of the rate increase).
Requires phase-in of the rate increase, following expiration of such 12-month period, over a 10-year period, at 10% for each year.
Makes conforming amendments to the National Flood Insurance Act of 1968.
Financial Services Committee
Introduced in House
Mar 19, 2013