3.0.0 1682 2023-01-11T19:50:24Z 2023-01-11T19:50:24Z House H HR 2007-03-26 110 hsba00 Financial Services Committee House Standing hsba04 Housing and Insurance Subcommittee Hearings by 2007-06-12T13:46:54Z Referred to 2007-06-07T19:58:12Z Referred to 2007-03-26T16:32:10Z Flood Insurance Reform and Modernization Act of 2007 110 3121 HR 2008-07-10 Message on House action received in Senate and at desk: House requests a conference. Related bill CRS 2007-06-12 hsba04 Housing and Insurance Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2007-06-07 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Housing and Community Opportunity. Committee 2007-03-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-03-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-26 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2007-03-26 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2007-03-26 True W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2007-03-26 True T000074 Rep. Taylor, Gene [D-MS-4] GENE TAYLOR D MS 4 2007-03-26 True M001163 Rep. Matsui, Doris O. [D-CA-5] Doris Matsui D CA O. 5 2007-03-26 True M001164 Rep. Mahoney, Tim [D-FL-16] Tim Mahoney D FL 16 2007-03-26 True W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2007-03-26 True B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 2007-03-26 True M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2007-03-26 True D000597 Rep. Davis, Jo Ann [R-VA-1] JO ANN DAVIS R VA 1 2007-03-26 True B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 2007-03-26 True B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2007-05-16 False M001168 Rep. Murphy, Patrick J. [D-PA-8] Patrick Murphy D PA J. 8 2007-06-12 False S001170 Rep. Shea-Porter, Carol [D-NH-1] Carol Shea-Porter D NH 1 2007-06-12 False K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2007-07-27 False A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2007-09-04 False Emergency Management Administrative remedies Claims Commerce Congress Congressional investigations Congressional reporting requirements Consumer education Disaster insurance Economic impact statements Economics and Public Finance Federal Emergency Management Agency Federal advisory bodies Federal employees Federal-state relations Finance and Financial Sector Fines (Penalties) Flood control Floods Government Operations and Politics Government publicity Grants-in-aid Housing and Community Development Industrial buildings Insurance premiums Landlord and tenant Law Losses Maps Mediation Mortgages Real estate business Recruiting of employees Rental housing Second homes Emergency Management 00 2007-03-26 Introduced in House 2007-04-27T20:27:01Z Flood Insurance Reform and Modernization Act of 2007 - Instructs the Comptroller General to study and report to Congress on: (1) the status of the national flood insurance program for specified pre-FIRM properties (containing a structure neither constructed nor substantially improved after the later of December 31, 1974, or the effective date of the initial rate map published by the Director of the Federal Emergency Management Agency (FEMA) under the National Flood Insurance Act of 1968 (NFIA) for the pertinent area); (2) the extension of mandatory flood insurance coverage purchase requirements to properties located in any area that would be designated as having special flood hazards but for the existence of a structural flood protection system; and (3) the mandatory purchase requirement in connection with non-federally related loans.

Amends the NFIA to include nonresidential properties and nonprimary residences within the guidelines for actuarial rate properties.

Amends the Flood Disaster Protection Act of 1973 to increase civil monetary penalties.

Amends the NFIA to: (1) increase flood insurance coverage for residential property; (2) provide coverage for necessary increases in living expenses, basement improvements, business interruption, and replacement cost of contents; (3) provide for notification to tenants of the availability of contents insurance; and (4) increase borrowing authority for the flood insurance program.

Requires FEMA, upon request, to participate in state disaster claims mediation programs.

Authorizes grants for outreach to property owners and renters to encourage purchase of flood insurance protection.

Extends funding through FY2011 for the pilot program for mitigation of severe repetitive loss properties.

Includes demolition and rebuilding activities within the flood mitigation assistance program.

Amends the Real Estate Settlement Procedures Act of 1974 to require good faith estimates to state that flood insurance coverage for residential real estate is generally available, whether or not the real estate is located in an area having special flood hazards.

Instructs the FEMA Director to: (1) establish a decisions appeals process for flood insurance policyholders; (2) establish a program to review, update, and maintain flood insurance program maps; and (3) clarify the applicability of replacement cost coverage.

Reestablishes the Technical Mapping Advisory Council.

]]> Flood Insurance Reform and Modernization Act of 2007 Official Title as Introduced To restore the financial solvency of the national flood insurance program, and for other purposes. Introduced in House IH Display Title Flood Insurance Reform and Modernization Act of 2007 Short Titles as Introduced Flood Insurance Reform and Modernization Act of 2007 Introduced in House 2007-03-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1682ih/xml/BILLS-110hr1682ih.xml 2007-06-12 Subcommittee Hearings Held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.