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United States · Bill · HR

H.R. 2246 (115th)

Taxpayer Exposure Mitigation Act of 2017

openUnited States· United States Congress· EN

Introduced

28 April 2017

Last action

25 July 2017 · Reported

Status

Placed on the Union Calendar, Calendar No. 185.

Sponsors

Rep. Luetkemeyer, Blaine [R-MO-3]

Subjects

Taxation

Source updated

7 April 2025

Taxation

Summary

Taxpayer Exposure Mitigation Act of 2017 This bill amends the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973 to limit the required purchase of flood insurance in certain circumstances to only residential properties (currently, the requirement applies to all types of property). It also 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. The Biggert-Waters Flood Insurance Reform Act of 2012 is amended to require the Technical Mapping Advisory Council to develop: (1) standards for local and state governments to use for mapping flood risks and developing alternative flood insurance rate maps, and (2) certification procedures to use such alternative maps under the NFIP to replace FEMA maps that have not been updated or reissued in 36 months.

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

Timeline

  1. 28 April 2017

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 28 April 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 28 April 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 21 June 2017

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 24.

    Source: Committee

  5. 21 June 2017

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 25 July 2017

    Calendars

    Placed on the Union Calendar, Calendar No. 185.

    Source: Calendars

  7. 25 July 2017

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-255.

    Source: Committee

  8. 25 July 2017

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-255.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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Leesvertaling

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  • Reported in House (text)

    Reported in House · EN · 25 July 2017

    ViewDownloadOpen at official source

  • Reported in House (PDF)

    Reported in House · EN · 25 July 2017

    ViewDownloadOpen at official source

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  • Reported to House with amendment(s)

    summary · EN · 25 July 2017

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  • Introduced in House (text)

    Introduced in House · EN · 28 April 2017

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  • Introduced in House (PDF)

    Introduced in House · EN · 28 April 2017

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  • Introduced in House

    summary · EN · 28 April 2017

    Open at official source

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Sponsors

Related records

Sources

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