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. 20 May 2021

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 20 May 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 May 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 May 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 May 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 May 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 May 2021

  Open at official source

Sponsors

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

Related records

• related to → Taxpayer Exposure Mitigation Act
• related to ← Taxpayer Exposure Mitigation Act