3.0.0 2832 2022-12-30T07:04:01Z 2022-12-30T07:04:01Z Senate S 2021-09-23 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-09-23T21:34:35Z 2021-09-23 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-09-23 Introduced in Senate IntroReferral 10000 9 Library of Congress L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT N S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL 2021-09-23 True Finance and Financial Sector Finance and Financial Sector 00 2021-09-23 Introduced in Senate 2022-02-15T16:28:59Z No NFIP Subsidies for Millionaires Act

This bill requires that the premium rate for flood insurance provided through the National Flood Insurance Program (NFIP) for single-family homes valued at more than $1 million be based on sound actuarial principles and not be subject to any rate caps. Under current law, certain types of property are not charged actuarial rates for NFIP coverage.

]]> No NFIP Subsidies for Millionaires Act Display Title No NFIP Subsidies for Millionaires Act Official Title as Introduced A bill to prohibit the National Flood Insurance Program from providing flood insurance subsidies for single-family residences that are valued at more than $1,000,000, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced No NFIP Subsidies for Millionaires Act Introduced in Senate IS Introduced in Senate 2021-09-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2832is/xml/BILLS-117s2832is.xml 2021-09-23 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.