To amend the National Flood Insurance Act of 1968 to modify the phase-in increases in flood insurance premium rates for certain properties, and for other purposes.
Latest action · Apr 11, 2013 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.
- IntroducedApr 11, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the National Flood Insurance Act of 1968 to authorize the Administrator of the Federal Emergency Management Agency (FEMA) to provide flood insurance to certain prospective insureds at rates less than certain statutory estimates.
Increases by 12.5% each year the chargeable risk premium rates for flood insurance for business property and for residential property which is not the primary residence of an individual until the average risk premium rate for such properties is equal to the average of the risk premium rates for specified other properties.
Increases by 12.5% each year the chargeable risk premium rates for flood insurance for primary residences purchased after the enactment of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters [enacted July 6, 2012]) as if such increase began on the date of such enactment, until the average risk premium rate for such primary residences is equal to the average of the risk premium rates for specified other properties.
Requires the FEMA Administrator to adjust the chargeable risk premium rates for flood insurance, for properties subject to such 12.5% increase, as if the amendments made by this Act were enacted at the same time as Biggert-Waters.
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from Apr 12, 2013 to Dec 3, 2013.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NJ | Jon Runyan | Apr 12, 2013 | |
| R-NJ | Christopher H. Smith | Apr 18, 2013 | |
| R-OH | Bill Johnson | Apr 19, 2013 | |
| R-LA | Charles W. Boustany, Jr. | May 6, 2013 | |
| R-FL | Jeff Miller | May 6, 2013 | |
| D-NJ | Bill Pascrell, Jr. | May 14, 2013 | |
| R-FL | Thomas J. Rooney | May 14, 2013 | |
| R-IL | Rodney Davis | May 16, 2013 | |
| R-NJ | Rodney P. Frelinghuysen | May 16, 2013 | |
| D-NJ | Albio Sires | May 21, 2013 | |
| R-NJ | Leonard Lance | May 21, 2013 | |
| R-NY | Peter T. King | May 21, 2013 | |
| D-NJ | Robert E. Andrews | May 21, 2013 | |
| D-ME | Michael H. Michaud | Jun 5, 2013 | |
| D-NJ | Rush Holt | Jun 5, 2013 | |
| D-NJ | Frank Pallone, Jr. | Jun 18, 2013 | |
| R-FL | Richard B. Nugent | Sep 12, 2013 | |
| D-NC | Mike McIntyre | Dec 3, 2013 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Apr 11, 2013 |
Actions 2
Everything that happened, newest first.
- Apr 11, 2013Introduced in House
- Apr 11, 2013Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H1957.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the National Flood Insurance Act of 1968 to modify the phase-in increases in flood insurance premium rates for certain properties, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Emergency Management.
Text 1
Each version as it was printed, newest first.
- Apr 11, 2013Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
