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- H.R.3959
H.R.3959: To amend the National Flood Insurance Act of 1968 to provide for the phase-in of actuarial rates for certain pre-FIRM properties.
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about emergency management
- Introduced Oct. 24, 2007
- Latest Major Action Jan. 24, 2008
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the National Flood Insurance Act of 1968 (Act) to provide for phased-in actuarial premium rates for recently purchased pre-FIRM single family properties used as a principal residence and purchased for at least $600,000. (A pre-FIRM structure is one that was not constructed or substantially improved after the later of: (1) December 31, 1974; or (2) the effective date of the initial rate map published by the Director of the Federal...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by Voice Vote.
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Reported (Amended) by the Committee on Financial Services. H. Rept. 110-510.
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Placed on the Union Calendar, Calendar No. 311.
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Mr. Frank (MA) moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 3959.
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| Oct. 24, 2007 |
Introduced in the House by Scott Garrett (R-N.J.) |