To amend the National Flood Insurance Act of 1968 to provide for a phased-in increase of chargeable premium rates for properties affected by updated Flood Insurance Rate Maps.
Latest action · Dec 1, 2009 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 1, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the National Flood Insurance Act of 1968 to provide that an increase in the risk premium rate charged for covered properties mapped into a higher-risk flood zone as the result of an update to a Flood Insurance Rate Map (post-FIRM properties) shall be limited to an annual increase for 5 years of 20% per year of the difference between: (1) the risk premium rate otherwise chargeable pursuant to such update; and (2) the chargeable risk premium rate for such property that existed before such update.
Cosponsors
Members who signed on, in the order they did.
Actions 2
Everything that happened, newest first.
- Dec 1, 2009Introduced in House
- Dec 1, 2009Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Emergency Management.
Text 1
Each version as it was printed, newest first.
- Dec 1, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.