US Congress House Bill 3924 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 17 2014 - 25% progression, died in committee
Action: 2014-01-21 - Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Pending: House Subcommittee on Economic Development, Public Buildings and Emergency Management Committee
Text: Latest bill text (Introduced) [PDF]

Helping Owners Mitigate Effectively Act of 2014 or the HOME Act of 2014 - Delays any change in risk premium rates for flood insurance under the National Flood Insurance Program resulting from amendments made by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act) until five years after the enactment date of such Act. Amends the National Flood Insurance Act of 1968 to provide that the maximum annual chargeable flood insurance premium rate for a property shall be the appraised value of the property when purchased by its current owner divided by 30. Amends the Internal Revenue Code to allow a tax credit of up to $7,500 for flood mitigation expenses in a taxable year for policy holders of flood insurance coverage and small businesses. Terminates such credit after December 31, 2022 Amends the Biggert-Waters Act to authorize the Administrator of the Federal Emergency Management Agency (FEMA) to use any other amounts available to the Administrator to carry out the the study of participation in the National Flood Insurance Program and of the affordability of risk-based premiums under such Program. Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to authorize increased appropriations for predisaster hazard mitigation for FY2014-FY2018. Authorizes appropriations for flood risk mitigation assistance for FY2014-FY2018.

Helping Owners Mitigate Effectively Act of 2014

Rep. Joe Garcia [D-FL]	Rep. Theodore Deutch [D-FL]	Rep. Lois Frankel [D-FL]	Rep. Alcee Hastings [D-FL]
Rep. Patrick Murphy [D-FL]	Rep. Frederica Wilson [D-FL]

Date	Chamber	Action
2014-01-21	House	Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
2014-01-17	House	Referred to House Transportation and Infrastructure
2014-01-17	House	Referred to House Ways and Means
2014-01-17	House	Referred to House Financial Services
2014-01-17	House	Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

HB1268 (Related) 2013-03-22 - Referred to the Subcommittee on Energy and Power.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3924/all-info
Text	https://www.congress.gov/113/bills/hr3924/BILLS-113hr3924ih.pdf