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United States · Bill · HR

H.R. 471 (116th)

Taxpayer Exposure Mitigation Act

referredUnited States· United States Congress· EN

Introduced

10 January 2019

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

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.

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Documents

3 official files

Introduced in House (text)

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Sources

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