HR 2170 115th Congress House Finance and Financial Sector Disaster relief and insurance Farmland Floods and storm protection Land use and conservation

Flood and Agriculture Risk Management Cost Reduction Act of 2017

Introduced: April 26, 2017 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 26, 2017

Referred to the House Committee on Financial Services.

Apr 26, 2017

Introduced in House

Plain-English summary Congressional Research Service

Flood and Agriculture Risk Management Cost Reduction Act of 2017

This bill amends the National Flood Insurance Act of 1968 to allow, under the National Flood Insurance Program, certain local variances with respect to agricultural structures located in special flood-hazard zones. The chargeable premium rate for coverage with respect to a structure that is provided such a variance shall be the same as would otherwise apply if the structure had been dry flood-proofed.

If a community applies to the Federal Emergency Management Agency (FEMA) for the remapping of a levee-impacted area in which the pertinent levee system fails to meet specified minimum standards for accreditation on a flood-insurance rate map: (1) FEMA must establish, on an alternative map, a flood-risk zone for the area; and (2) flood insurance shall be made available, at specified risk-based rates, to properties located within the zone.

FEMA shall carry out a pilot program that provides for the sale of contracts for flood-insurance coverage, under the National Flood Insurance Program, for multiple nonresidential agricultural structures under a single policy.

What's happening now April 26, 2017

Referred to the House Committee on Financial Services.

Committees of jurisdiction 1