H.R.2565: To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.

About This Bill

Bill Versions

Bill Summary

(Sec. 1) This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates. FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.2565.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.2565.

Bill Actions

Date Description
July 14, 2017
Placed on the Union Calendar, Calendar No. 156.
July 14, 2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-221.
June 21, 2017
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
June 21, 2017
Committee Consideration and Mark-up Session Held.
May 19, 2017
Referred to the House Committee on Financial Services.
May 19, 2017

Introduced in the House by Blaine Luetkemeyer (R-Mo.)

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