3.0.0
5556
2023-01-01T23:51:08Z
2023-01-01T23:51:08Z
House
HR
2021-10-12
117
[Congressional Record Volume 167, Number 179 (Tuesday, October 12, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DIAZ-BALART:H.R. 5556.Congress has the power to enact this legislation pursuantto the following:Article l, Section 8[Page H5631]
- hsba00
Financial Services Committee
House
Standing
  - Referred to
2021-10-12T19:03:15Z

- Flood Risk Transparency for Homebuyers Act
117
2947
S
2021-10-06
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  - Identical bill
CRS
- 2021-10-12
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2021-10-12
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2021-10-12
Introduced in House
IntroReferral
1000
9
Library of Congress
- D000600
Rep. Diaz-Balart, Mario [R-FL-25]
Mario
Diaz-Balart
R
FL
25
N
- F000462
Rep. Frankel, Lois [D-FL-21]
Lois
Frankel
D
FL
21
2021-10-12
True
- W000823
Rep. Waltz, Michael [R-FL-6]
Michael
Waltz
R
FL
6
2021-10-12
True
- M001202
Rep. Murphy, Stephanie N. [D-FL-7]
Stephanie
Murphy
D
FL
N.
7
2021-10-12
True
- B001257
Rep. Bilirakis, Gus M. [R-FL-12]
Gus
Bilirakis
R
FL
M.
12
2021-10-12
True
- L000586
Rep. Lawson, Al, Jr. [D-FL-5]
Al
Lawson
D
FL
5
2021-10-12
True
- G000597
Rep. Garbarino, Andrew R. [R-NY-2]
Andrew
Garbarino
R
NY
R.
2
2021-10-12
True
- H001091
Rep. Hinson, Ashley [R-IA-1]
Ashley
Hinson
R
IA
1
2021-10-12
True
- D000627
Rep. Demings, Val Butler [D-FL-10]
Val
Demings
D
FL
Butler
10
2021-10-12
True
- S000168
Rep. Salazar, Maria Elvira [R-FL-27]
Maria
Salazar
R
FL
Elvira
27
2021-10-12
True
- C001103
Rep. Carter, Earl L. "Buddy" [R-GA-1]
Earl
Carter
R
GA
L. "Buddy"
1
2021-10-19
False
- C001111
Rep. Crist, Charlie [D-FL-13]
Charlie
Crist
D
FL
13
2021-10-21
False
- D000032
Rep. Donalds, Byron [R-FL-19]
Byron
Donalds
R
FL
19
2022-01-11
False
Housing and Community Development
Housing and Community Development
00
2021-10-12
Introduced in House
2022-11-01T14:23:27Z
Flood Risk Transparency for Homebuyers Act
This bill requires the Department of Housing and Urban Development (HUD) to disclose certain flood hazards to prospective buyers when listing a one-to-four-unit residential property for sale. The requirement applies to every such HUD-owned property located in a special flood hazard area and requires HUD to disclose (1) the estimated monthly cost to insure the property under the National Flood Insurance Program in the zip code where the property is located and (2) whether the property is a severe repetitive loss property.
A one-to-four-unit residential property is considered a severe repetitive loss property under existing law if the property is covered by flood insurance under the National Flood Insurance Program and has incurred flood-related damage resulting in either (1) four or more separate claim payments each exceeding $5,000, or (2) two or more separate claim payments that cumulatively exceed the value of the property. Severe repetitive loss properties are subject to higher flood insurance rates under the National Flood Insurance Program, but may be eligible for grants to mitigate the flood risk under certain circumstances.

Flood Risk Transparency for Homebuyers Act
- Official Title as Introduced

To require the Secretary of Housing and Urban Development to provide a disclosure notice to homebuyers of properties owned by the Department of Housing and Urban Development that are located in special flood hazard areas, and for other purposes.
Introduced in House
IH
- Display Title

Flood Risk Transparency for Homebuyers Act
- Short Title(s) as Introduced

Flood Risk Transparency for Homebuyers Act
Introduced in House
IH
- Introduced in House
2021-10-12T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-117hr5556ih/xml/BILLS-117hr5556ih.xml
2021-10-12
Referred to the House Committee on Financial Services.
text/xml
EN
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