118th Congress Finance and Financial Sector
H.R. 4349: National Flood Insurance Program Reauthorization and Reform Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2026.
The bill addresses NFIP coverage, cost, and availability, including by
- generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years;
- revising flood insurance coverage limits;
- establishing a means-tested program to provide financial assistance to low-income households through policy discounts; and
- revising standards and certification requirements for flood insurance rate maps.
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The bill also revises administrative provisions of the NFIP, including by
- allowing for the continuous operation of the NFIP during a lapse in appropriations, and
- prohibiting the Department of the Treasury from charging FEMA interest for NFIP debt for five years.
The bill sets forth requirements for Write Your Own companies related to reimbursements, agent commissions, and penalties for underpayment of claims. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.)
The bill establishes state or tribal government revolving funds for flood mitigation activities and also provides for loans, grants, and other incentives regarding mitigation.
The bill also requires the creation of an appeals process for disputing NFIP premium rates.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Troy Carter D-LAOriginal
- Josh Gottheimer D-NJOriginal
- Clay Higgins R-LAOriginal
- Andy Kim D-NJOriginal
- Thomas Kean R-NJOriginal
- Robert Menendez D-NJOriginal
- Donald Norcross D-NJOriginal
- Bill Pascrell D-NJOriginal
- Donald Payne D-NJOriginal
- Mikie Sherrill D-NJOriginal
- Jefferson Van Drew R-NJOriginal
- Bonnie Watson Coleman D-NJOriginal
- Carlos Gimenez R-FL
- Shri Thanedar D-MI
Who scored on this bill
- 1Frank Pallone SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Frank Pallone.
Show the full action history (3 actions)
- Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
- Introduced in House
- Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.