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HR 7364 117th Congress House Finance and Financial Sector

Stop Flood Insurance Rate Hikes Act

Introduced: April 1, 2022 See on congress.gov
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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
Apr 1, 2022
Referred to the House Committee on Financial Services.
Apr 1, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Stop Flood Insurance Rate Hikes Act

This bill allows National Flood Insurance Program policyholders to elect to pay premiums at the rate in effect prior to the implementation of Risk Rating 2.0 and to receive refunds for previously paid premiums. Risk Rating 2.0 bases premium rates on an individual property's specific flood risk instead of the flood risk of a general location and property type.

Policyholders may elect to pay the previous rate until the Federal Emergency Management Agency performs several actions regarding Risk Rating 2.0, including

  • publishing all data and methods used to calculate premium rates under Risk Rating 2.0,
  • creating an online database where policyholders can see premium rates for their property using specified calculations, and
  • publishing an assessment of the economic, social, and environmental impacts of Risk Rating 2.0.
What's happening now April 1, 2022

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 3934 Related bill Homeowner Flood Insurance Transparency and Protection Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2 Republican 2
D
Carter, Troy A.
Louisiana · Apr 1, 2022
 D
Pallone, Frank
New Jersey · Apr 1, 2022
Pascrell, Bill
· Apr 1, 2022
 R
Rouzer, David
North Carolina · Apr 1, 2022
 R
Weber, Randy K. Sr.
Texas · Apr 1, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7364: Stop Flood Insurance Rate Hikes Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7364/
MLA
"H.R. 7364: Stop Flood Insurance Rate Hikes Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7364/.
Bluebook (legal)
H.R. 7364, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7364/.
Markdown link
[H.R. 7364: Stop Flood Insurance Rate Hikes Act](https://openamerica.io/bill/117-HR-7364/)
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