Flood Insurance Relief and Transparency Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 11, 2013)
Flood Insurance Relief and Transparency Act of 2013 - Delays until March 1, 2015, the effective date of specified changes in risk premium rates for flood insurance under the National Flood Insurance Program (NFIP).
Directs the Administrator of the Federal Emergency Management Agency (FEMA) to make publicly available all data affecting any changes in such risk premium rates.
Amends the Biggert-Waters Flood Insurance Reform Act of 2012 to remove the $750,000 restriction from the maximum amount of funds available to FEMA for the study of participation in and affordability of NFIP for certain flood insurance policyholders.
Amends the National Flood Insurance Act of 1968 to require FEMA to provide policyholders with the option of paying chargeable risk premiums for flood insurance coverage on an annual (as under current law) or a monthly basis. Sets forth criteria for policyholder eligibility to exercise the monthly option.
What just happenedDec 11, 2013
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseDec 11, 2013
- Dec 11, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
- Dec 11, 2013IntroReferralIntro-H
Introduced in House
- Dec 11, 2013IntroReferral1000
Introduced in House