United States · Bill · S
S. 3829 (117th)
Flood Insurance Pricing Transparency Act
Introduced
14 March 2022
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
Flood Insurance Pricing Transparency Act This bill directs the Federal Emergency Management Agency (FEMA) to publish all formulas used by FEMA to calculate mitigation credits available to properties insured under the National Flood Insurance Program (NFIP). (Under current NFIP rating methodology, individuals can receive premium credits for mitigation activity on their property such as installing flood openings, elevating the structure, and elevating machinery and equipment above the lowest floor.) FEMA must also develop a publicly available tool that estimates NFIP premium rates based on user inputs, including the change in rates as a result of mitigation activities.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 14 March 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 14 March 2022
Introduced in Senate
summary · EN · 14 March 2022
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3829
- Open data entity: https://api.congress.gov/v3/bill/117/s/3829