Taxpayer Exposure Mitigation Act

Summary

Taxpayer Exposure Mitigation Act This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 March 2023

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 1 March 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 March 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 March 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 March 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 March 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 March 2023

  Open at official source

Sponsors

• Blaine Luetkemeyer · R · Sponsor
• · hsba00 · Standing

Related records

• related to ← Taxpayer Exposure Mitigation Act