National Flood Insurance Program Policyholder Protection Act of 2017
This bill amends the National Flood Insurance Act of 1968 to limit the flood insurance premium for a residential property having four or fewer residences to no more than $10,000 a year, subject to adjustments for future inflation.
In determining premium rates, the Federal Emergency Management Agency (FEMA) shall offer a rate reduction if policyholders implement specified flood damage mitigation methods. Mitigation techniques that qualify for a rate reduction include methods that can be utilized on a block or neighborhood scale, and the elevation of mechanical systems.
FEMA shall conduct a study of the feasibility of providing coverage for individual units in cooperative housing projects.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-07-11 | Calendars | Placed on the Union Calendar, Calendar No. 148. | House floor actions |
| 2017-07-11 | Committee | Reported by the Committee on Financial Services. H. Rept. 115-211. | House floor actions |
| 2017-06-15 | Committee | Ordered to be Reported by the Yeas and Nays: 53 - 0. | House committee actions |
| 2017-06-15 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-06-08 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-06-08 | IntroReferral | Introduced in House | Library of Congress |