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S. 2833 117th Congress Senate

NFIP Underwater Properties Act

Official title: A bill to amend the National Flood Insurance Act of 1968 to address the premium rates for certain properties under the National Flood Insurance Program, and for other purposes.

Introduced: September 23, 2021 Introduced by: Mike Lee Republican · Utah 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
Sep 23, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 23, 2021
Introduced in Senate
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 Latest action September 23, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

NFIP Underwater Properties Act

This bill requires that the premium rate for flood insurance provided through the National Flood Insurance Program (NFIP) for structures that have incurred repetitive flood-related damage 1) be based on sound actuarial principles, and 2) not be subject to any rate caps if the structure is located in a special flood hazard area. Under current law, certain types of property are not charged actuarial rates for NFIP coverage.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Scott, Rick
Florida · Sep 23, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2833: NFIP Underwater Properties Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2833/
MLA
"S. 2833: NFIP Underwater Properties Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2833/.
Bluebook (legal)
S. 2833, 117th Cong. (2026), https://openamerica.io/bill/117-S-2833/.
Markdown link
[S. 2833: NFIP Underwater Properties Act](https://openamerica.io/bill/117-S-2833/)
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