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US HR1430

US HR1430
Flood Insurance Choice Act


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

Flood Insurance Choice Act - Amends the Flood Disaster Protection Act of 1973 to require regulated lending institutions, federal agency lenders, and the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to accept, as satisfaction of certain mortgage requirements for flood insurance, flood insurance coverage provided by a private entity that otherwise meets the Act's coverage requirements.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Referred to the Subcommittee on Insurance, Housing and Community Opportunity. (on 05/02/2011)

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