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United States · Bill · S

S. 2833 (117th)

NFIP Underwater Properties Act

referredUnited States· United States Congress· EN

Introduced

23 September 2021

Last action

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

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Sources

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