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HR 5953 114th Congress House Finance and Financial Sector Budget deficits and national debt Department of Homeland Security Disaster relief and insurance Federal Emergency Management Agency (FEMA) Floods and storm protection

National Flood Insurance Program Debt Forgiveness Act of 2016

Introduced: September 8, 2016 Introduced by: Waters, Maxine Democratic · California 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
Sep 8, 2016
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 8, 2016
Introduced in House
 Plain-English summary Congressional Research Service

National Flood Insurance Program Debt Forgiveness Act of 2016

This bill cancels all indebtedness outstanding as of September 30, 2016, of the Federal Emergency Management Agency under any notes or other obligations issued pursuant to the National Flood Insurance Act of 1968 and the Federal Flood Insurance Act of 1956.

Such cancelled indebtedness may be treated as a public debt of the United States and is designated as an emergency pursuant to the Statutory Pay-As-You-Go Act of 2010.

What's happening now September 8, 2016

Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 5