United States · Bill · S
S. 2833 (117th)
NFIP Underwater Properties 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
—
Subjects
Discovery layer
Source updated
7 April 2025
Summary
NFIP Underwater Properties Act This bill requires that the premium rate for flood insurance provided through the National Flood Insurance Program (NFIP) for structures that have incurred repetitive flood-related damage 1) be based on sound actuarial principles, and 2) not be subject to any rate caps if the structure is located in a special flood hazard area. Under current law, certain types of property are not charged actuarial rates for NFIP coverage.
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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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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/2833
- Open data entity: https://api.congress.gov/v3/bill/117/s/2833