HOUSE 1540118th CongressReferred to the House Committee on Financial Services.

National Flood Insurance Program Affordability Act

Last Action: 3/10/2023

Actions

2023-03-10Referred to the House Committee on Financial Services.
2023-03-10Introduced in House
2023-03-10Introduced in House

CRS Summary

As of 2023-03-10 (00)

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.

Cosponsors (2)

Jill Tokuda (D-HI)
Joseph Morelle (D-NY)

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