118th Congress Finance and Financial Sector
H.R. 1309: To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.
FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.
Written by the Congressional Research Service, Library of Congress.
Roll calls
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Amendments
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History
- Introduced in the House by Blaine Luetkemeyer.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.