S. 601 118th Congress Senate

Flood Insurance Affordability Act

Official title: A bill to amend the National Flood Insurance Act of 1968 to modify the amount by which the chargeable risk premium rate for flood insurance under that Act may be increased in any year.

Introduced: March 1, 2023 Introduced by: John Kennedy Republican · Louisiana See on congress.gov

Finance and Financial Sector

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 1, 2023

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

Mar 1, 2023

Introduced in Senate

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Latest action March 1, 2023

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

Plain-English summary Congressional Research Service

Flood Insurance Affordability Act

This bill lowers the annual limit on National Flood Insurance Program (NFIP) premium increases applicable to primary residences from 18% to 9%.

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

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APA

U.S. Congress. (2026). S. 601: Flood Insurance Affordability Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-601/

MLA

"S. 601: Flood Insurance Affordability Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-601/.

Bluebook (legal)

S. 601, 118th Cong. (2026), https://openamerica.io/bill/118-S-601/.

Markdown link

[S. 601: Flood Insurance Affordability Act](https://openamerica.io/bill/118-S-601/)