HR 1540
118th Congress
House
Finance and Financial Sector
National Flood Insurance Program Affordability Act
Introduced: March 10, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2023
Referred to the House Committee on Financial Services.
Mar 10, 2023
Introduced in House
Plain-English summary
National Flood Insurance Program Affordability Act
This bill requires the Federal Emergency Management Agency to provide discounts on National Flood Insurance Program coverage to low-income households, small businesses, and not-for-profit entities. Specifically, the chargeable premium rate for an eligible primary residential dwelling and related personal property must not exceed 1% of the median income of the area in which the property is located.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1