S.563: Flood Insurance Market Parity and Modernization Act

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Bill Summary

Flood Insurance Market Parity and Modernization Act This bill amends the Flood Disaster Protection Act of 1973 to revise requirements for federal and private flood insurance. This bill revises the financial requirements that apply to flood insurance for home loans or loan guarantees by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Private flood insurance must meet any...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 5 statements associated with S.563.

Bill Actions

Date Description
May 4, 2017
Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 4, 2017
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-16.
March 14, 2017
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-16.
March 8, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
March 8, 2017

Introduced in the Senate by Dean Heller (R-Nev.)

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