S 2833 · 117th Congress

NFIP Underwater Properties Act

<p><strong>NFIP Underwater Properties Act </strong></p> <p>This bill requires that the premium rate for flood insurance provided through the National Flood Insurance Program (NFIP) for structures that have incurred repetitive flood-related damage 1) be based on sound actuarial principles, and 2) not be subject to a…

Sponsor

Lee, Mike (R-UT)

Introduced

2021-09-23

Policy area

Finance and Financial Sector

Latest action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.