United States · Bill · HR
H.R. 3924 (113th)
HOME Act of 2014
Introduced
17 January 2014
Last action
—
Status
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Sponsors
—
Subjects
Discovery layer
Source updated
12 August 2025
Summary
Helping Owners Mitigate Effectively Act of 2014 or the HOME Act of 2014 - Delays any change in risk premium rates for flood insurance under the National Flood Insurance Program resulting from amendments made by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act) until five years after the enactment date of such Act. Amends the National Flood Insurance Act of 1968 to provide that the maximum annual chargeable flood insurance premium rate for a property shall be the appraised value of the property when purchased by its current owner divided by 30. Amends the Internal Revenue Code to allow a tax credit of up to $7,500 for flood mitigation expenses in a taxable year for policy holders of flood insurance coverage and small businesses. Terminates such credit after December 31, 2022 Amends the Biggert-Waters Act to authorize the Administrator of the Federal Emergency Management Agency (FEMA) to use any other amounts available to the Administrator to carry out the the study of participation in the National Flood Insurance Program and of the affordability of risk-based premiums under such Program. Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to authorize increased appropriations for predisaster hazard mitigation for FY2014-FY2018. Authorizes appropriations for flood risk mitigation assistance for FY2014-FY2018.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 17 January 2014
Introduced in House (PDF)
Introduced in House · EN · 17 January 2014
Introduced in House
summary · EN · 17 January 2014
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/113th-congress/house-bill/3924
- Open data entity: https://api.congress.gov/v3/bill/113/hr/3924