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- H.R.471
H.R.471: Taxpayer Exposure Mitigation Act
About This Bill
- Introduced Jan. 10, 2019
- Latest Major Action Jan. 10, 2019
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Jan. 10, 2019
Bill Summary
Taxpayer Exposure Mitigation Act This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 10, 2019 |
Referred to the House Committee on Financial Services.
|
| Jan. 10, 2019 |
Introduced in the House by Blaine Luetkemeyer (R-Mo.) |