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.

Fact Sheet API

Bill Number

HR 469

Introduced

Jan 10, 2019

Latest Action

Referred to the House Committee on Financial Services.

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

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

Jan 10, 2019

Referred to the House Committee on Financial Services.
Jan 10, 2019

Introduced in House

Amendments

Related Bills