National Flood Insurance Program Reauthorization and Reform Act of 2019

Summary

National Flood Insurance Program Reauthorization and Reform Act of 2019 This bill generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2024. The bill addresses NFIP coverage, cost, and availability, including by generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years; revising flood insurance coverage limits; establishing the Affordability Assistance Fund to provide financial assistance to low income households through vouchers, grants, or premium credits; and revising standards and certification requirements for flood insurance rate maps. The bill also revises administrative provisions of NFIP, including by allowing for the continuous operation of NFIP during a lapse in appropriations, and prohibiting the Department of the Treasury from charging FEMA interest for NFIP debt for five years. The bill sets forth requirements for Write Your Own companies related to reimbursements, agent commissions, and penalties for underpayment of claims. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.) The bill establishes a state revolving fund for flood mitigation activities and also provides for loans, grants, and other incentives regarding mitigation.

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Timeline

1. 18 July 2019

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 18 July 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 18 July 2019 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 July 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 July 2019

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 18 July 2019

  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

• Sen. Menendez, Robert [D-NJ] · D · Sponsor
• Sen. Cassidy, Bill [R-LA] · R · Sponsor
• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• Sen. Hyde-Smith, Cindy [R-MS] · R · Sponsor
• Sen. Gillibrand, Kirsten E. [D-NY] · D · Sponsor
• Sen. Kennedy, John [R-LA] · R · Sponsor
• Sen. Reed, Jack [D-RI] · D · Sponsor
• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. Booker, Cory A. [D-NJ] · D · Sponsor
• Sen. Warren, Elizabeth [D-MA] · D · Sponsor
• Sen. Van Hollen, Chris [D-MD] · D · Sponsor
• · ssbk00 · Standing

Related records

• related to → State Flood Mitigation Revolving Fund Act of 2019
• related to → FIRM IT Act of 2019
• related to → FIRM IT Act of 2019
• related to → National Flood Insurance Program Consultant Accountability Act of 2019
• related to → MEMA Act of 2019
• related to ← State Flood Mitigation Revolving Fund Act of 2019
• related to ← National Flood Insurance Program Reauthorization and Reform Act of 2019