House bill HR1540-118

Financial Services Committee

National Flood Insurance Program Affordability Act

• Last activity on Mar 10, 2023

• Introduced Mar 10, 2023

• By Rep. Cartwright, Matt [D-PA-8]

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National Flood Insurance Program Affordability Act

This bill requires the Federal Emergency Management Agency to provide discounts on National Flood Insurance Program coverage to low-income households, small businesses, and not-for-profit entities. Specifically, the chargeable premium rate for an eligible primary residential dwelling and related personal property must not exceed 1% of the median income of the area in which the property is located.

House floor actions Actions

IntroReferral
Mar. 10 2023	Referred to the House Committee on Financial Services.

Library of Congress Actions

IntroReferral
Mar. 10 2023	Introduced in House Introduced in House

House bill HR1540-118

National Flood Insurance Program Affordability Act

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