HOUSE 469116th CongressReferred to the House Committee on Financial Services.
To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.
- Last Action
- 1/10/2019
Actions
- 2019-01-10Referred to the House Committee on Financial Services.
- 2019-01-10Introduced in House
- 2019-01-10Introduced in House
CRS Summary
As of 2019-01-10 (00)
This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.
FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.
Subjects
- Congressional oversight
- Disaster relief and insurance
- Floods and storm protection
- Government studies and investigations
- Insurance industry and regulation
Sourced from Congress.gov (public domain).
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