3.0.0 1507 2023-01-11T13:37:31Z 2023-01-11T13:37:31Z Senate S 2017-06-29 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-06-29T19:27:06Z State Flood Mitigation Revolving Fund Act of 2018 115 7037 HR 2018-10-05 Referred to the House Committee on Financial Services. Related bill CRS 2017-06-29 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3862-3863) IntroReferral 2017-06-29 Introduced in Senate IntroReferral 10000 9 Library of Congress R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. N K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA Neely 2017-06-29 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2017-06-29 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-07-19 False Finance and Financial Sector Building construction Disaster relief and insurance Emergency planning and evacuation Floods and storm protection Government lending and loan guarantees Housing finance and home ownership Low- and moderate-income housing Securities State and local finance Finance and Financial Sector 00 2017-06-29 Introduced in Senate 2018-01-16T15:57:28Z State Flood Mitigation Revolving Fund Act of 2017

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.

]]> State Flood Mitigation Revolving Fund Act of 2017 Display Title State Flood Mitigation Revolving Fund Act of 2017 Official Title as Introduced A bill to amend the National Flood Insurance Act of 1968 to allow the Administrator of the Federal Emergency Management Agency to provide capitalization grants to States to establish revolving funds to provide funding assistance to reduce flood risks, and for other purposes. Introduced in Senate IS Short Titles as Introduced State Flood Mitigation Revolving Fund Act of 2017 Introduced in Senate 2017-06-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1507is/xml/BILLS-115s1507is.xml 2017-06-29 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3862-3863) 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.