Flood Insurance Fairness Act of 2017
- Last Action
- 3/7/2017
Actions
- 2017-03-07Referred to the House Committee on Financial Services.
- 2017-03-07Introduced in House
- 2017-03-07Introduced in House
CRS Summary
As of 2017-03-07 (00)
Flood Insurance Fairness Act of 2017
This bill amends the National Flood Insurance Act of 1968 to allow, under the National Flood Insurance Program, subsidized risk premium rates for flood insurance coverage on: (1) non-primary residences, and (2) business property.
In developing guidance and rate tables necessary to implement this Act, the Federal Emergency Management Agency (FEMA) shall consult with "Write Your Own" companies that write and service standard flood insurance policies in their own names.
Cosponsors (1)
- Charlie Crist (D-FL)
Subjects
- Disaster relief and insurance
- Floods and storm protection
- Insurance industry and regulation
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.