3.0.0 141 2023-01-11T13:29:15Z 2023-01-11T13:29:15Z House HR 2015-01-06 114 [Congressional Record Volume 161, Number 1 (Tuesday, January 6, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. JOLLY:H.R. 141.Congress has the power to enact this legislation pursuantto the following:Clause 1, Section 8, Article 1The Congress shall have power to lay and collect taxes,duties, imposts and excises, to pay the debts and provide forthe common defense and general welfare of the United States;but all duties, imposts and excises shall be uniformthroughout the United States;[Page H47]]]> hsba00 Financial Services Committee House Standing Referred to 2015-01-06T17:14:45Z Flood Insurance Fairness Act of 2015 114 2918 HR 2015-06-25 Referred to the House Committee on Financial Services. Related bill CRS 2015-01-06 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-01-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-01-06 Introduced in House IntroReferral 1000 9 Library of Congress J000296 Rep. Jolly, David W. [R-FL-13] David Jolly R FL W. 13 N C001066 Rep. Castor, Kathy [D-FL-14] Kathy Castor D FL 14 2015-01-06 True B001257 Rep. Bilirakis, Gus M. [R-FL-12] Gus Bilirakis R FL M. 12 2015-01-06 True M001191 Rep. Murphy, Patrick [D-FL-18] Patrick Murphy D FL 18 2015-01-06 True C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2015-01-06 True F000462 Rep. Frankel, Lois [D-FL-22] Lois Frankel D FL 22 2015-01-06 True W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2015-01-27 False Finance and Financial Sector Disaster relief and insurance Floods and storm protection Insurance industry and regulation Finance and Financial Sector 00 2015-01-06 Introduced in House 2015-09-09T21:06:31Z Flood Insurance Premium Parity Act of 2015

Amends the National Flood Insurance Act of 1968 to prohibit the Administrator of the Federal Emergency Management Agency (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).

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. Write Your Own companies shall have between six and eight months following issuance of final guidance and rate tables to implement the changes required by them.

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 2015 Display Title Flood Insurance Premium Parity Act of 2015 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 2015 Introduced in House 2015-01-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr141ih/xml/BILLS-114hr141ih.xml 2015-01-06 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.