Flood Insurance Market Parity and Modernization Act
Latest action · Sep 13, 2016 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-451.
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.
- IntroducedJun 25, 2015
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Flood Insurance Market Parity and Modernization Act
This bill amends the Flood Disaster Protection Act of 1973 to make technical amendments to requirements for flood insurance under either the federal program or private flood insurance.
"Private flood insurance" shall include any policy issued by an insurance company eligible as a nonadmitted insurer to provide flood insurance in the state or jurisdiction where the property to be insured is located.
The flood insurance program under the Act, including both private and federal flood insurance, shall extend to Puerto Rico, Guam, the Northern Mariana Islands, the Virgin Islands, and American Samoa.
The National Flood Insurance Act of 1968 is amended to direct the Federal Emergency Management Agency to consider any period during which a property was continuously covered by private flood insurance to be a period of continuous insurance coverage.
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from Jun 25, 2015 to Nov 15, 2016, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MT | Jon Tester | Original | Jun 25, 2015 |
| R-ID | Mike Crapo | Jul 21, 2015 | |
| R-AR | John Boozman | Mar 8, 2016 | |
| R-MS | Roger F. Wicker | Apr 21, 2016 | |
| R-FL | Marco Rubio | May 9, 2016 | |
| R-OH | Rob Portman | May 23, 2016 | |
| R-MS | Thad Cochran | Jun 22, 2016 | |
| D-IN | Joe Donnelly | Sep 19, 2016 | |
| R-AZ | Jeff Flake | Sep 20, 2016 | |
| R-KY | Rand Paul | Nov 15, 2016 |
Actions 4
Everything that happened, newest first.
- Sep 13, 2016Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-451.
- Jun 30, 2016Committee on Small Business and Entrepreneurship. Hearings held.
- Jun 25, 2015Introduced in Senate
- Jun 25, 2015Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2901 | Flood Insurance Market Parity and Modernization Act | Identical bill | May 9, 2016 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jun 25, 2015Introduced in Senate
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.