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S 2108 118th Congress Senate Finance and Financial Sector

Flood Insurance Transparency Act of 2023

Introduced: June 22, 2023 Introduced by: Scott, Rick Republican · Florida See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 22, 2023
Introduced in Senate
 Plain-English summary Congressional Research Service

Flood Insurance Transparency Act of 2023

This bill requires the Federal Emergency Management Agency (FEMA) make publicly available all data, models, assessments, analytical tools, and other information relating to the National Flood Insurance Program that is used in assessing flood risk or identifying and establishing flood elevations and premiums. This includes data relating to the risks of individual properties, loss ratio information, and current and historical policy and claims information.

To accomplish this, FEMA must establish an open source data system through which all such information may be electronically accessed by the public. Further, FEMA must establish a public database that provides information regarding each community participating in the program.

What's happening now June 22, 2023

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

 Committees of jurisdiction 1