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HR 3417 117th Congress House

Taxpayer Exposure Mitigation Act

Official title: To provide for greater transfer of risk under the National Flood Insurance Program to private capital and reinsurance markets, and for other purposes.

Introduced: May 20, 2021 See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2021
Referred to the House Committee on Financial Services.
May 20, 2021
Introduced in House
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 Latest action May 20, 2021

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Taxpayer Exposure Mitigation Act

This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.

 Related & companion bills 2
  • HR 1306 Reintroduced Bill Taxpayer Exposure Mitigation Act
  • HR 471 Reintroduction of Taxpayer Exposure Mitigation Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3417: Taxpayer Exposure Mitigation Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-3417/
MLA
"H.R. 3417: Taxpayer Exposure Mitigation Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-3417/.
Bluebook (legal)
H.R. 3417, 117th Cong. (2026), https://openamerica.io/bill/117-HR-3417/.
Markdown link
[H.R. 3417: Taxpayer Exposure Mitigation Act](https://openamerica.io/bill/117-HR-3417/)
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