summary
Introduced
04/05/2017
04/05/2017
In Committee
04/05/2017
04/05/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Empowering Homeowners to Mitigate Flood Damage Act of 2017 This bill amends the National Flood Insurance Act of 1968 to increase the amount of coverage available under the National Flood Insurance Program's (NFIP's) Increased Cost of Compliance program. The program insures the cost of mitigating future flood damage to an NFIP-insured structure that has been substantially or repetitively damaged by floods.
AI Summary
This bill amends the National Flood Insurance Act of 1968 to increase the maximum amount of coverage available under the National Flood Insurance Program's (NFIP) Increased Cost of Compliance (ICC) program. The ICC program provides coverage for the cost of mitigating future flood damage to NFIP-insured structures that have been substantially or repetitively damaged by floods. Specifically, the bill increases the maximum ICC coverage for a single property from the current level to $60,000, and specifies that this additional ICC coverage will not count towards the overall policy limit for the property under the NFIP.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/05/2017)
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/115th-congress/house-bill/1929/all-info |
| BillText | https://www.congress.gov/115/bills/hr1929/BILLS-115hr1929ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr1929/BILLS-115hr1929ih.pdf.pdf |
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