3.0.0 4313 2023-01-11T13:26:48Z 2023-01-11T13:26:48Z House H HR 2014-03-26 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. JOLLY:H.R. 4313.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 1; and Article I, section 8,clause 3[Page H2696]]]> hsba00 Financial Services Committee House Standing Referred to 2014-03-26T14:01:20Z Homeowner Flood Insurance Affordability Act of 2014 113 3370 HR 2014-03-21 Became Public Law No: 113-89. Procedurally-related Senate 2014-03-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-03-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-03-26 Introduced in House IntroReferral 1000 9 Library of Congress J000296 Rep. Jolly, David [R-FL-13] David Jolly R FL 13 N B001257 Rep. Bilirakis, Gus M. [R-FL-12] Gus Bilirakis R FL M. 12 2014-03-26 True C001066 Rep. Castor, Kathy [D-FL-14] Kathy Castor D FL 14 2014-03-26 True M001191 Rep. Murphy, Patrick [D-FL-18] Patrick Murphy D FL 18 2014-05-23 False F000462 Rep. Frankel, Lois [D-FL-22] Lois Frankel D FL 22 2014-05-23 False Emergency Management Disaster relief and insurance Floods and storm protection Emergency Management 00 2014-03-26 Introduced in House 2014-05-23T15:09:07Z Flood Insurance Premium Parity Act of 2014 - Amends the National Flood Insurance Act of 1968 (NFIA) to prohibit the Administrator of the Federal Emergency Management Administration (FEMA) from estimating reduced (subsidized) risk premium rates for flood insurance for residential property that is neither the primary residence of an individual (as under current law) nor the secondary residence of the property owner.

Directs FEMA to establish standards for a residential property to qualify as a secondary residence eligible for subsidized risk flood insurance premium rates that: (1) require the owner to occupy the property for an appropriate minimum period of time each year, and (2) limit subsidized risk premium rates to but a single property of the owner.

Repeals the prohibition against estimating subsidized risk premium rates for business property (thus qualifying business property for such rates).

Directs FEMA to refund directly to insureds any flood insurance premiums collected in excess of the rates required under this Act.

]]> Flood Insurance Premium Parity Act of 2014 Display Title Flood Insurance Premium Parity Act of 2014 Official Title as Introduced To ensure fairness in premium rates for coverage for business properties and second homes under the National Flood Insurance Program, and for other purposes. Introduced in House IH Short Titles as Introduced Flood Insurance Premium Parity Act of 2014 Introduced in House 2014-03-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4313ih/xml/BILLS-113hr4313ih.xml 2014-03-26 Referred to the House Committee on Financial Services. 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.