Bill
Bill > HR3285
US HR3285
Sustainable, Affordable, Fair, and Efficient (SAFE) National Flood Insurance Program Reauthorization Act of 2017
summary
Introduced
07/18/2017
07/18/2017
In Committee
07/19/2017
07/19/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Sustainable, Affordable, Fair, and Efficient (SAFE) National Flood Insurance Program Reauthorization Act of 2017 This bill amends the National Flood Insurance Act of 1968 to extend through FY2023 the National Flood Insurance Program (NFIP). NFIP policy coverage limits for residential and nonresidential buildings are increased. NFIP premiums, surcharges, and fees may not be increased by more than 10% each year. The Federal Emergency Management Agency (FEMA) must provide: (1) loans for mitigation projects, and (2) other financial assistance to qualified households for NFIP premium payments and mitigation projects. The limitation on Increased Cost of Compliance (ICC) coverage (offered by NFIP to cover the cost of flood mitigation measures on certain structures) is increased to $100,000 and ICC eligibility is expanded. This bill prevents the Department of the Treasury from charging interest to FEMA on amounts borrowed for NFIP through FY2023. This bill directs FEMA to revise: (1) directives related to the Write Your Own program, (2) specified elements of the claims process, (3) the appeals process for claims and flood map determinations, and (4) certain flood risk zones. FEMA must study business interruption coverage and participation rates in specified flood zones. This bill also makes changes to: (1) FEMA's mitigation assistance programs, (2) the usage and collection of specified surcharges and fees, (3) the scope of coverage available under NFIP, (4) requirements of NFIP engineers and adjusters, and (5) regulations relating to the disclosure of flood risks on rental property. This bill amends the Biggert-Waters Flood Insurance Reform Act of 2012 to reauthorize through FY2023 the National Flood Mapping Program.
AI Summary
This bill amends the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program (NFIP) through fiscal year 2023. Key provisions include: limiting annual increases in NFIP premiums, surcharges, and fees to 10%; establishing an Affordability Assistance Fund to provide loans and financial assistance for flood mitigation projects and NFIP premiums for eligible households; expanding NFIP coverage limits; authorizing additional appropriations for the National Flood Mapping Program and Predisaster Hazard Mitigation Program; requiring oversight and certification of engineers providing NFIP-related services; establishing appeals processes for NFIP claim decisions and payment deadlines; enhancing training requirements for NFIP agents and adjusters; and requiring disclosure of flood risk information when leasing property. The bill aims to make the NFIP more sustainable, affordable, and effective.
Committee Categories
Business and Industry
Sponsors (14)
Clay Higgins (R)*,
Charlie Crist (D),
Carlos Curbelo (R),
Gregg Harper (R),
Alcee Hastings (D),
Mike Johnson (R),
Zoe Lofgren (D),
Donald Norcross (D),
Steven Palazzo (R),
Frank Pallone (D),
Bill Pascrell (D),
Donald Payne (D),
Albio Sires (D),
Bonnie Watson Coleman (D),
Last Action
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. (on 07/19/2017)
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/3285/all-info |
| BillText | https://www.congress.gov/115/bills/hr3285/BILLS-115hr3285ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr3285/BILLS-115hr3285ih.pdf.pdf |
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