HR 3693 113th Congress House Emergency Management Disaster relief and insurance Floods and storm protection Government information and archives Government studies and investigations

Flood Insurance Relief and Transparency Act of 2013

Introduced: December 11, 2013 Introduced by: Cassidy, Bill Republican · Louisiana See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 11, 2013

Referred to the House Committee on Financial Services.

Dec 11, 2013

Introduced in House

Plain-English summary Congressional Research Service

Flood Insurance Relief and Transparency Act of 2013 - Delays until March 1, 2015, the effective date of specified changes in risk premium rates for flood insurance under the National Flood Insurance Program (NFIP).

Directs the Administrator of the Federal Emergency Management Agency (FEMA) to make publicly available all data affecting any changes in such risk premium rates.

Amends the Biggert-Waters Flood Insurance Reform Act of 2012 to remove the $750,000 restriction from the maximum amount of funds available to FEMA for the study of participation in and affordability of NFIP for certain flood insurance policyholders.

Amends the National Flood Insurance Act of 1968 to require FEMA to provide policyholders with the option of paying chargeable risk premiums for flood insurance coverage on an annual (as under current law) or a monthly basis. Sets forth criteria for policyholder eligibility to exercise the monthly option.

What's happening now December 11, 2013

Referred to the House Committee on Financial Services.

Committees of jurisdiction 1