United States · Bill · S
S. 2832 (117th)
No NFIP Subsidies for Millionaires Act
Introduced
23 September 2021
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
No NFIP Subsidies for Millionaires Act This bill requires that the premium rate for flood insurance provided through the National Flood Insurance Program (NFIP) for single-family homes valued at more than $1 million be based on sound actuarial principles and not be subject to any rate caps. Under current law, certain types of property are not charged actuarial rates for NFIP coverage.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 23 September 2021
Introduced in Senate (PDF)
Introduced in Senate · EN · 23 September 2021
Introduced in Senate
summary · EN · 23 September 2021
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/2832
- Open data entity: https://api.congress.gov/v3/bill/117/s/2832