118th Congress Finance and Financial Sector
S. 721: Homeowner Flood Insurance Transparency and Protection Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill allows National Flood Insurance Program policyholders to elect to pay premiums at the rate in effect prior to the implementation of Risk Rating 2.0. Risk Rating 2.0 bases premium rates on an individual property's specific flood risk instead of the flood risk of a general location and property type.
Policyholders may elect to pay the previous rate until the Federal Emergency Management Agency performs several actions regarding Risk Rating 2.0, including
- publishing all data and methods used to calculate premium rates under Risk Rating 2.0,
- creating an online database where policyholders can see premium rates for their property using specified calculations, and
- publishing 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
- Bill Cassidy R-LAOriginal
- Ted Cruz R-TXOriginal
- John Kennedy R-LAOriginal
Who scored on this bill
No member has earned points from it yet.
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Other bills by Cindy Hyde-Smith
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- S. 2465: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2026
- S. 3241: Grand Village of the Natchez Indians and Jefferson College Affiliated Areas Establishment Act
History
- Introduced in the Senate by Cindy Hyde-Smith.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.