S 601 · 118th Congress

Flood Insurance Affordability Act

<p><b>Flood Insurance Affordability Act </b></p> <p>This bill lowers the annual limit on National Flood Insurance Program (NFIP) premium increases applicable to primary residences from 18% to 9%. </p>

Sponsor

Kennedy, John (R-LA)

Introduced

2023-03-01

Policy area

Finance and Financial Sector

Latest action

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