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HR 4352 113th Congress House Emergency Management Congressional oversight Disaster relief and insurance Floods and storm protection Government studies and investigations

Flood Insurance Integrity Act of 2014

Introduced: April 1, 2014 Introduced by: Bilirakis, Gus M. Republican · Florida See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 1, 2014
Referred to the House Committee on Financial Services.
Apr 1, 2014
Introduced in House
 Plain-English summary Congressional Research Service

Flood Insurance Integrity Act of 2014 - Directs the Comptroller General (GAO) to review every four years the rate tables established by the Federal Emergency Management Agency (FEMA) for implementing the national flood insurance program under the National Flood Insurance Act of 1968 (NFIA), and determine whether: (1) the chargeable premium rates for flood insurance coverage determined by those tables are actuarially sound, based on standard actuarial practices used in the private sector; and (2) such chargeable premium rates are sufficient to ensure the long-term financial sustainability of the national flood insurance program.

Directs GAO to review annually the process for establishing and updating flood insurance rate maps and determine the degree of accuracy of the mapping process.



What's happening now April 1, 2014

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1