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HR 1540 118th Congress House Finance and Financial Sector

National Flood Insurance Program Affordability Act

Introduced: March 10, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Mar 10, 2023
Referred to the House Committee on Financial Services.
Mar 10, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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 March 10, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Morelle, Joseph D.
New York · Jan 31, 2024
 D
Tokuda, Jill N.
Hawaii · Nov 30, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1540: National Flood Insurance Program Affordability Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1540/
MLA
"H.R. 1540: National Flood Insurance Program Affordability Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1540/.
Bluebook (legal)
H.R. 1540, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1540/.
Markdown link
[H.R. 1540: National Flood Insurance Program Affordability Act](https://openamerica.io/bill/118-HR-1540/)
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