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HR 3258 116th Congress House Finance and Financial Sector Congressional oversight Disaster relief and insurance Floods and storm protection Government information and archives Government studies and investigations

Flood Insurance Integrity Act of 2019

Introduced: June 13, 2019 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
Jun 13, 2019
Referred to the House Committee on Financial Services.
Jun 13, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Flood Insurance Integrity Act of 2019

This bill directs the Government Accountability Office (GAO) to review every four years the rate tables established by the Federal Emergency Management Agency (FEMA) for implementing the National Flood Insurance Program (NFIP). The GAO must determine whether (1) the chargeable premium rates for flood insurance coverage 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 NFIP.

The bill also directs the 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 June 13, 2019

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1