Skip to main content
HR 2918 114th Congress House Finance and Financial Sector Disaster relief and insurance Floods and storm protection Insurance industry and regulation

Flood Insurance Fairness Act of 2015

Introduced: June 25, 2015 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2015
Referred to the House Committee on Financial Services.
Jun 25, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Flood Insurance Fairness Act of 2015

Amends the National Flood Insurance Act of 1968 to repeal provisions that prohibit the Federal Emergency Management Agency (FEMA) from estimating subsidized risk premium rates for flood insurance coverage on: (1) residential property which is not the primary residence of an individual, and (2) any business property. Qualifies those properties for such rates.

Requires FEMA, when developing guidance and rate tables necessary to implement this Act, to consult with Write Your Own companies, which are participating property and casualty insurance companies that write and service standard flood insurance policies in cooperation with FEMA.

Directs Write Your Own companies to implement the changes required by the final guidance and rate tables within six to eight months after their issuance.

What's happening now June 25, 2015

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3