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United States · Bill · S

S. 2251 (110th)

Homeowner's Flood Insurance Protection Act of 2007

referredUnited States· United States Congress· EN

Introduced

26 October 2007

Last action

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S13491)

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Homeowner's Flood Insurance Protection Act of 2007 - Amends the National Flood Insurance Act of 1968 with respect to any area that: (1) previously was not designated as a special flood hazard area because it was protected by a flood protection system; and (2) becomes so designated as a result of the decertification of that flood protection system pursuant to any updating, reviewing, or remapping of flood insurance program rate maps. Sets the chargeable flood insurance premium rate for any property that, before enactment of this Act, was located within such an area at 50% of the chargeable risk premium rate otherwise applicable. Terminates such discount rate five years after the area's initial designation as a special flood hazard area.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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