Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 2874
115th Congress(2017-2018)
21st Century Flood Reform Act
Active
Amendments
Active
Passed House on Nov 14, 2017
Overview
Text
Sponsor
Republican
Introduced
Jun 12, 2017
Latest Action
Nov 15, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2874
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Sean Duffy
Wisconsin
House Votes (2)
Senate Votes (0)
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
630
House Roll Call Votes
Summary

21st Century Flood Reform Act

This bill amends the National Flood Insurance Act of 1968 to change annual limits on premium increases for insurance obtained through the National Flood Insurance Program (NFIP). The Federal Emergency Management Agency (FEMA) must provide financial assistance, through state programs, for low income families to purchase NFIP insurance.

FEMA must allow a Write Your Own company to sell private flood insurance. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.)

FEMA must provide: (1) an annual explanation of premiums; (2) historical flood data to property owners upon request; and (3) data related to NFIP risks and premiums, including community-level data, through a publicly available data system.

FEMA must commission an annual independent actuarial review of the financial status of NFIP.

The Government Accountability Office must report on: (1) the feasibility of reducing flood insurance premiums and eliminating the need for flood insurance coverage by authorizing flood damage savings accounts, and (2) flood insurance requirements for mortgages.

FEMA denials of requests for updated flood maps may be appealed.

The bill revises the NFIP community rating program to require FEMA to provide premium credits in communities that protect natural and beneficial floodplain functions.

This bill revises NFIP coverage for: (1) properties that have incurred multiple flood losses, (2) properties that have exceeded specified levels of claim payments, and (3) certain high-risk properties.

This bill amends the Flood Disaster Protection Act of 1973 to increase penalties for violations of the flood insurance requirement for mortgages.

Text (4)
Referred in Senate
November 15, 2017
Engrossed in House
November 14, 2017
Reported in House
September 11, 2017
Introduced in House
June 12, 2017
Amendments (1)
Nov 14, 2017
Offered in House
0
Sponsorship
House Amendment 483
Pursuant to the provisions of H.Res. 616, the amendment in the nature of a substitute recommended by the Committee on Financial Services is considered as adopted.
Submitted
Actions (18)
11/15/2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
11/14/2017
Motion to reconsider laid on the table Agreed to without objection.
11/14/2017
On passage Passed by the Yeas and Nays: 237 - 189 (Roll no. 630). (text: CR H9209-9226)
11/14/2017
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 237 - 189 (Roll no. 630).(text: CR H9209-9226)
11/14/2017
On motion to recommit with instructions Failed by the Yeas and Nays: 190 - 236 (Roll no. 629).
11/14/2017
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to establish the effective date to take place after the first day that the Administrator of the Federal Emergency Management Agency and the Inspector General of the Federal Emergency Management Agency have certified that final resolution has been reached on all claims for losses resulting from Hurricane Sandy in 2012 that were covered by flood insurance made available under the National Flood Insurance Program.
11/14/2017
Mr. Pascrell moved to recommit with instructions to the Committee on Financial Services. (text: CR H9236)
11/14/2017
The previous question was ordered pursuant to the rule.
11/14/2017
DEBATE - The House proceeded with one hour of debate on H.R. 2874.
11/14/2017
The resolution provides for one hour of general debate and closed rule for H.R. 2874. Also, the resolution provides for consideration of the conference report to accompany H.R. 2810.
11/14/2017
Considered under the provisions of rule H. Res. 616. (consideration: CR H9209-9238)
11/13/2017
Rules Committee Resolution H. Res. 616 Reported to House. The resolution provides for one hour of general debate and closed rule for H.R. 2874. Also, the resolution provides for consideration of the conference report to accompany H.R. 2810.
09/11/2017
Placed on the Union Calendar, Calendar No. 217.
09/11/2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-304.
06/15/2017
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 26.
06/15/2017
Committee Consideration and Mark-up Session Held.
06/12/2017
Referred to the House Committee on Financial Services.
06/12/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:37:51 PM
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