US HB7037 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on October 5 2018 - 25% progression, died in committee
Action: 2018-10-05 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 5 2018 - 25% progression, died in committee
Action: 2018-10-05 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
State Flood Mitigation Revolving Fund Act of 2018 This bill amends the National Flood Insurance Act of 1968 to permit the Federal Emergency Management Agency (FEMA) to provide capitalization grants to states to 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.
Title
State Flood Mitigation Revolving Fund Act of 2018
Sponsors
Rep. Charlie Crist [D-FL] | Rep. Roger Williams [R-TX] | Rep. Vicente Gonzalez [D-TX] | Rep. Frederica Wilson [D-FL] |
History
Date | Chamber | Action |
---|---|---|
2018-10-05 | House | Referred to the House Committee on Financial Services. |
2018-10-05 | House | Introduced in House |
Same As/Similar To
SB1507 (Related) 2017-06-29 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3862-3863)
Subjects
Building construction
Disaster relief and insurance
Emergency planning and evacuation
Finance and financial sector
Floods and storm protection
Government lending and loan guarantees
Housing finance and home ownership
Low- and moderate-income housing
Securities
State and local finance
Disaster relief and insurance
Emergency planning and evacuation
Finance and financial sector
Floods and storm protection
Government lending and loan guarantees
Housing finance and home ownership
Low- and moderate-income housing
Securities
State and local finance
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/7037/all-info |
Text | https://www.congress.gov/115/bills/hr7037/BILLS-115hr7037ih.pdf |