Bill
Bill > HR902
US HR902
US HR902To amend the National Flood Insurance Act of 1968 to require the Administrator of the Federal Emergency Management Agency to consider reconstruction and improvement of flood protection systems when establishing flood insurance rates.
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Amends the National Flood Insurance Act of 1968 to: (1) make communities that reconstruct and improve flood protection systems (in addition to constructing them) eligible for premium flood insurance rates under such Act; and (2) allow entities that own, operate, maintain, or repair flood protection systems (instead of a federal agency) to determine whether a flood protection system is restorable.
AI Summary
This bill amends the National Flood Insurance Act of 1968 to ensure that communities can receive more favorable flood insurance rates not only for building new flood protection systems but also for reconstructing or improving existing ones, regardless of the level of federal funding involved. It also clarifies that entities responsible for owning, operating, maintaining, or repairing these flood protection systems, rather than just federal agencies, can determine if a system is restorable, and requires the Administrator of the Federal Emergency Management Agency (FEMA) to consider these reconstruction and improvement efforts when setting insurance rates.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the Subcommittee on Insurance, Housing and Community Opportunity. (on 04/04/2011)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/house-bill/902/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112hr902ih/pdf/BILLS-112hr902ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr902ih/pdf/BILLS-112hr902ih.pdf.pdf |
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