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HR 7842 117th Congress House Finance and Financial Sector

Protecting Families and the Solvency of the National Flood Insurance Program Act of 2022

Introduced: May 19, 2022 Introduced by: Casten, Sean Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2022
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
May 19, 2022
Referred to the Committee on Financial Services, and in addition to the Committee on Transportation and Infrastructure, 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.
May 19, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Protecting Families and the Solvency of the National Flood Insurance Program Act of 2022

This bill revises the National Flood Insurance Program and expands assistance for properties that have experienced repetitive flood-related losses. For example, the bill expedites the voluntary buyouts of such property.

Additionally, the bill requires community plans for addressing repetitive loss properties and expands mitigation assistance for repairs to structures facing repetitive losses.

The bill also addresses the equity of NFIP mitigation assistance by requiring equity considerations in eligibility determinations, waiving the matching requirement for underserved communities, and expanding predisaster hazard mitigation assistance to high-risk communities.

What's happening now May 20, 2022

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

 Committees of jurisdiction 3