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legislation: 117-s-3934

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
117-s-3934 117 s 3934 Homeowner Flood Insurance Transparency and Protection Act Finance and Financial Sector 2022-03-28 2022-03-28 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Hyde-Smith, Cindy [R-MS] MS R H001079 5 Homeowner Flood Insurance Transparency and Protection Act This bill allows National Flood Insurance Program policyholders to elect to pay premiums at the rate in effect prior to the implementation of Risk Rating 2.0. Risk Rating 2.0 bases premium rates on an individual property's specific flood risk instead of the flood risk of a general location and property type. Policyholders may elect to pay the previous rate until the Federal Emergency Management Agency performs several actions regarding Risk Rating 2.0, including publishing all data and methods used to calculate premium rates under Risk Rating 2.0, creating an online database where policyholders can see premium rates for their property using specified calculations, and publishing an assessment of the economic and social impacts of Risk Rating 2.0. 2022-12-29T22:33:28Z https://www.congress.gov/bill/117th-congress/senate-bill/3934

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