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- S.3934
S.3934: Homeowner Flood Insurance Transparency and Protection Act
About This Bill
- Introduced March 28, 2022
- Latest Major Action March 28, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (All Republicans)
Bill Version
- Introduced in Senate - March 28, 2022
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 28, 2022 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| March 28, 2022 |
Introduced in the Senate by Cindy Hyde-Smith (R-Miss.) |