Build for Future Disasters Act of 2021

Summary

Build for Future Disasters Act of 2021 This bill eliminates certain National Flood Insurance Program (NFIP) rate subsidies for newly constructed property. Specifically, the chargeable rate for NFIP coverage of newly constructed property and any substantial improvements of property started on or after January 1, 2025, must not be not less than the estimated risk premium rate. The Government Accountability Office must report on the feasibility and effects of (1) eliminating by January 1, 2027, all subsidies that reduce premiums for NFIP coverage to amounts below those necessary to operate to program without a deficit, and (2) prohibiting these subsidies unless flood mitigation activities have been completed on a property.

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Timeline

1. 16 April 2021

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 16 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 April 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 April 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 April 2021

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 16 April 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Peters, Scott H. [D-CA-50] · D · Sponsor
• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• · hsba00 · Standing

Related records

• related to ← Build for Future Disasters Act of 2020