Bill
Bill > S3320
US S3320
US S3320A bill to authorize the Administrator of the Federal Emergency Management Agency to waive the 30-day waiting period for flood insurance policies purchased for private properties affected by wildfire on Federal lands.
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Amends the National Flood Insurance Act of 1968 to exempt from the statutory 30-day waiting period for a new contract for flood insurance coverage the initial purchase of flood insurance coverage for private property if: (1) the Administrator of the Federal Emergency Management Agency (FEMA) determines that the property is subject to elevated risk of flood due to wildfire on federal land, and (2) such coverage was purchased within 60 days after the fire containment date relating to the wildfire that caused the post-wildfire conditions.
AI Summary
This bill allows the Administrator of the Federal Emergency Management Agency (FEMA) to waive the standard 30-day waiting period before a new flood insurance policy becomes effective, specifically for private properties that are at a higher risk of flooding due to wildfires that occurred on federal land. This waiver would apply if FEMA determines the property faces an increased flood risk because of such a wildfire and if the flood insurance is purchased within 60 days of the date the wildfire was fully contained. The "fire containment date" is the official date when the wildfire is considered under control.
Committee Categories
Housing and Urban Affairs
Sponsors (5)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 06/20/2012)
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/senate-bill/3320/all-info |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112s3320is/pdf/BILLS-112s3320is.pdf.pdf |
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