118th Congress Finance and Financial Sector
S. 602: Risk Rating 2.0 Transparency Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Federal Emergency Management Agency (FEMA) to release specified information regarding the National Flood Insurance Program's new Risk Rating 2.0. Risk Rating 2.0 went into effect on October 1, 2021, for new policies and on April 1, 2022, for existing policies. It bases premium rates on an individual property's specific flood risk instead of the flood risk of a general location and property type.
Under the bill, FEMA must
- publish all data and methods used to calculate premium rates under Risk Rating 2.0,
- create an online database where policyholders can see premium rates for their property using specified calculations, and
- publish an assessment of the economic and social impacts of Risk Rating 2.0.
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
- Cindy Hyde-Smith R-MSOriginal
Who scored on this bill
No member has earned points from it yet.
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by John Kennedy
- S. 4850: Diversity Jurisdiction Inflation Adjustment Act
- S. 269: Ending Improper Payments to Deceased People Act
- S. 616: Foundation of the Federal Bar Association Charter Amendments Act of 2025
- S.J.Res. 69: Disapproval of United States Fish and Wildlife Service rule: Record of Decision for the Barred Owl Management Strategy; Washington, Oregon, and California
- S.J.Res. 13: Disapproval of Office of the Comptroller of the Currency of the Department of the Treasury rule: Review of applications under the Bank Merger Act
- S.J.Res. 11: Disapproval of Bureau of Ocean Energy Management rule: Protection of Marine Archaeological Resources
History
- Introduced in the Senate by John Kennedy.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.