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]
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.
Title
Flood Insurance Fairness Act of 2015
Sponsors
Rep. Carlos Curbelo [R-FL] | Rep. Patrick Murphy [D-FL] | Rep. Lois Frankel [D-FL] | Rep. Thomas MacArthur [R-NJ] |
Rep. David Jolly [R-FL] | Rep. Kathy Castor [D-FL] | Rep. Alcee Hastings [D-FL] | Rep. Frederica Wilson [D-FL] |
History
Date | Chamber | Action |
---|---|---|
2015-06-25 | House | Referred to the House Committee on Financial Services. |
2015-06-25 | House | Introduced in House |
Same As/Similar To
HB141 (Related) 2015-01-06 - Referred to the House Committee on Financial Services.
Subjects
Disaster relief and insurance
Finance and financial sector
Floods and storm protection
Insurance industry and regulation
Finance and financial sector
Floods and storm protection
Insurance industry and regulation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/2918/all-info |
Text | https://www.congress.gov/114/bills/hr2918/BILLS-114hr2918ih.pdf |