US HB2918 | 2015-2016 | 114th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: Introduced on June 25 2015 - 25% progression, died in committee
Action: 2015-06-25 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Flood Insurance Fairness Act of 2015 Amends the National Flood Insurance Act of 1968 to repeal provisions that prohibit the Federal Emergency Management Agency (FEMA) from estimating subsidized risk premium rates for flood insurance coverage on: (1) residential property which is not the primary residence of an individual, and (2) any business property. Qualifies those properties for such rates. Requires FEMA, when developing guidance and rate tables necessary to implement this Act, to consult with Write Your Own companies, which are participating property and casualty insurance companies that write and service standard flood insurance policies in cooperation with FEMA. Directs Write Your Own companies to implement the changes required by the final guidance and rate tables within six to eight months after their issuance.

Tracking Information

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Title

Flood Insurance Fairness Act of 2015

Sponsors


History

DateChamberAction
2015-06-25HouseReferred to the House Committee on Financial Services.
2015-06-25HouseIntroduced in House

Same As/Similar To

HB141 (Related) 2015-01-06 - Referred to the House Committee on Financial Services.

Subjects


US Congress State Sources


Bill Comments

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