Flood Insurance Integrity Act of 2017
- Last Action
- 2/6/2017
Actions
- 2017-02-06Referred to the House Committee on Financial Services.
- 2017-02-06Introduced in House
- 2017-02-06Introduced in House
CRS Summary
As of 2017-02-06 (00)
Flood Insurance Integrity Act of 2017
This bill directs the Government Accountability Office (GAO) to review every four years the rate tables established by the Federal Emergency Management Agency (FEMA) for implementing the National Flood Insurance Program (NFIP) under the National Flood Insurance Act of 1968 and determine whether: (1) the chargeable premium rates for flood insurance coverage are actuarially sound, based on standard actuarial practices used in the private sector; and (2) such chargeable premium rates are sufficient to ensure the long-term financial sustainability of NFIP.
The bill also directs the GAO to review annually the process for establishing and updating flood insurance rate maps and determine the degree of accuracy of the mapping process.
Cosponsors (3)
- Elizabeth Esty (D-CT)
- Charlie Crist (D-FL)
- David Rouzer (R-NC)
Subjects
- Congressional oversight
- Disaster relief and insurance
- Floods and storm protection
- Government information and archives
- Government studies and investigations
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.