Bill > HR4774

This bill aims to improve assistance for homeowners with flood-damaged basements by modifying the Robert T. Stafford Disaster Relief and Emergency Assistance Act. The legislation expands the Federal Emergency Management Agency's (FEMA) ability to provide support for flood-related damages, removing previous limitations on repair assistance. Specifically, FEMA will now be able to help with repairs to all basement areas, not just rooms required for dwelling, and can provide assistance for mold, mildew, and moisture damage regardless of whether it might cause additional loss. The bill also enhances personal property assistance by ensuring coverage equivalent to standard flood insurance policies, including repair or replacement of items in flood-damaged basements. Additionally, the legislation creates a more inclusive Group Flood Insurance Policy that allows more applicants to be eligible, expands coverage to include basement-specific damages, and permits those outside special flood hazard areas to participate. The bill also modifies the maximum financial assistance guidelines, excluding mitigation expenses and insurance premiums from assistance calculation limits. These changes are designed to provide more comprehensive and flexible support for homeowners dealing with flood-related basement damage.

Business and Industry, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/4774/all-info