US HB1610 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 22-7)
Status: Introduced on March 7 2019 - 25% progression, died in committee
Action: 2019-03-07 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Permits the Federal Emergency Management Agency (FEMA) to provide capitalization grants to states. These grants must establish revolving funds to address flood risks. Revolving funds may be used to provide (1) financial assistance to participants in the National Flood Insurance Program, including homeowners, businesses, nonprofit organizations, and local governments; or (2) support for leveraged loans or state bonds. Financial assistance may be used for elevation projects, flood-proofing activities, relocation or removal of buildings, environmental restoration, acquiring property, obtaining protective easements, and other activities identified by FEMA. States must annually submit to FEMA a plan that identifies the intended uses of the state loan fund. States may provide additional subsidies to low-income homeowners and recipients of financial assistance in low-income areas.

Tracking Information

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Title

State Flood Mitigation Revolving Fund Act of 2019

Sponsors


History

DateChamberAction
2019-03-07HouseReferred to the House Committee on Financial Services.
2019-03-07HouseIntroduced in House

Same As/Similar To

HB3167 (Related) 2019-10-28 - Placed on the Union Calendar, Calendar No. 210.
HB3872 (Related) 2019-07-23 - Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
SB2192 (Related) 2019-07-18 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4953-4954)
SB2187 (Related) 2019-07-18 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects


US Congress State Sources


Bill Comments

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