National Flood Insurance Program Debt Forgiveness Act of 2016
Latest action · Sep 8, 2016 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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.
- IntroducedSep 8, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
National Flood Insurance Program Debt Forgiveness Act of 2016
This bill cancels all indebtedness outstanding as of September 30, 2016, of the Federal Emergency Management Agency under any notes or other obligations issued pursuant to the National Flood Insurance Act of 1968 and the Federal Flood Insurance Act of 1956.
Such cancelled indebtedness may be treated as a public debt of the United States and is designated as an emergency pursuant to the Statutory Pay-As-You-Go Act of 2010.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Sep 14, 2016 to Sep 21, 2016.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | John Garamendi | Sep 14, 2016 | |
| D-NY | Nydia M. Velázquez | Sep 14, 2016 | |
| D-LA | Cedric L. Richmond | Sep 21, 2016 | |
| D-DC | Eleanor Holmes Norton | Sep 21, 2016 | |
| D-NJ | Frank Pallone, Jr. | Sep 21, 2016 | |
| D-CA | Juan Vargas | Sep 21, 2016 | |
| D-TX | Ruben Hinojosa | Sep 21, 2016 |
Committees 2
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 Sep 8, 2016 |
| House | Budget Committee | Referred Sep 8, 2016 |
Actions 2
Everything that happened, newest first.
- Sep 8, 2016Introduced in House
- Sep 8, 2016Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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 Congressional Record, vol. 162, no. 135, September 8, 2016, page H5224.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44847 | Selected Homeland Security Issues in the 115th Congress Archived | Report | May 11, 2017 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3936 | National Flood Insurance Program Debt Forgiveness Act of 2017 | Reintroduced Bill | Oct 3, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To forgive the indebtedness of the National Flood Insurance Program, and for other purposes.
- Short Titles as Introduced
- National Flood Insurance Program Debt Forgiveness Act of 2016
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Sep 8, 2016Introduced 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.
