Congress 115 - HR 2565 - To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.

Sponsor

Cosponsors

Topics

Congressional oversight Disaster relief and insurance Finance and Financial Sector Floods and storm protection Government studies and investigations Insurance industry and regulation

Full Text

View Full Bill Text

Votes

Summary

(Sec. 1) This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.

FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.

Actions

Jul 14, 2017

Placed on the Union Calendar, Calendar No. 156.
Jul 14, 2017

Reported (Amended) by the Committee on Financial Services. H. Rept. 115-221.
Jun 21, 2017

Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Jun 21, 2017

Committee Consideration and Mark-up Session Held.
May 19, 2017

Referred to the House Committee on Financial Services.
May 19, 2017

Introduced in House

Amendments

Related Bills