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United States · Bill · HR

H.R. 960 (113th)

Flood Victim Premium Relief Act of 2013

referredUnited States· United States Congress· EN

Introduced

5 March 2013

Last action

5 March 2013 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Grimm, Michael G. [R-NY-11], Rep. King, Peter T. [R-NY-2], Rep. McCarthy, Carolyn [D-NY-4], Rep. Meeks, Gregory W. [D-NY-5], Rep. Rangel, Charles B. [D-NY-15], Rep. Crowley, Joseph [D-NY-14], Rep. Engel, Eliot L. [D-NY-16], Rep. Clarke, Yvette D. [D-NY-9], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Meng, Grace [D-NY-6], Rep. Nadler, Jerrold [D-NY-12], Rep. Jeffries, Hakeem S. [D-NY-8], Rep. Gibson, Christopher P. [R-NY-19], Rep. Runyan, Jon [R-NJ-3], Rep. Lowey, Nita M. [D-NY-17], Sen. Cassidy, Bill [R-LA], Rep. McIntyre, Mike [D-NC-7]

Subjects

Discovery layer

Source updated

12 August 2025

Official sourceDownload fileView documentsShare

Summary

Flood Victim Premium Relief Act of 2013 - Amends the National Flood Insurance Act of 1968, with respect to adjustments to flood insurance premiums to reflect the current risk of flood, to limit premium rate increases on specified residential property in federally declared major disaster areas. Requires premium rate increases or new premium rates on such properties which become effective after July 6, 2012, to be phased in over an 8-year period, at the rate of 5% for each of the first 4 years and 20% for each of the last 4s. Defines such properties as those located within a major disaster area: (1) for which revised or updated flood insurance rate maps become effective during the 2-year period beginning upon the occurrence of the disaster; or (2) that upon enactment of this Act are eligible for preferred risk rate method premiums for flood insurance coverage, or that were eligible for them at any time during the 12-month period ending upon the occurrence of the disaster. Requires such a property also to be: (1) owned by the same owner who owned the property at the time of the disaster; and (2) the owner's primary residence since the disaster (except for any periods of non-occupancy resulting from it).

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

Timeline

  1. 5 March 2013

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 5 March 2013

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 5 March 2013

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 5 March 2013

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  • Introduced in House (PDF)

    Introduced in House · EN · 5 March 2013

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 5 March 2013

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Sponsors

Related records

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Sources

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