3.0.0 3934 2022-12-29T22:33:28Z 2022-12-29T22:33:28Z Senate S 2022-03-28 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2022-03-28T21:08:13Z Stop Flood Insurance Rate Hikes Act 117 7364 HR 2022-04-01 Referred to the House Committee on Financial Services. Related bill CRS 2022-03-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-03-28 Introduced in Senate IntroReferral 10000 9 Library of Congress H001079 Sen. Hyde-Smith, Cindy [R-MS] Cindy Hyde-Smith R MS N W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2022-03-28 True C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2022-03-28 True K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA Neely 2022-03-28 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2022-03-28 True C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX 2022-06-13 False Finance and Financial Sector Finance and Financial Sector 00 2022-03-28 Introduced in Senate 2022-09-02T11:49:11Z Homeowner Flood Insurance Transparency and Protection Act

This bill allows National Flood Insurance Program policyholders to elect to pay premiums at the rate in effect prior to the implementation of Risk Rating 2.0. Risk Rating 2.0 bases premium rates on an individual property's specific flood risk instead of the flood risk of a general location and property type.

Policyholders may elect to pay the previous rate until the Federal Emergency Management Agency performs several actions regarding Risk Rating 2.0, including

  • publishing all data and methods used to calculate premium rates under Risk Rating 2.0,
  • creating an online database where policyholders can see premium rates for their property using specified calculations, and
  • publishing an assessment of the economic and social impacts of Risk Rating 2.0.
]]> Homeowner Flood Insurance Transparency and Protection Act Display Title Homeowner Flood Insurance Transparency and Protection Act Short Title(s) as Introduced Homeowner Flood Insurance Transparency and Protection Act Introduced in Senate IS Official Title as Introduced A bill to permit policyholders under the National Flood Insurance Program to elect to have previous premium rates remain in effect until the Administrator of the Federal Emergency Management Agency satisfies certain conditions, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-03-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3934is/xml/BILLS-117s3934is.xml 2022-03-28 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.