Bill Sponsor
House Bill 3872
116th Congress(2019-2020)
National Flood Insurance Program Reauthorization and Reform Act of 2019
Introduced
Introduced
Introduced in House on Jul 22, 2019
Overview
Text
Introduced
Jul 22, 2019
Latest Action
Jul 23, 2019
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
3872
Congress
116
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
Democrat
New Jersey
Republican
Louisiana
Democrat
New Jersey
Democrat
New Jersey
Democrat
New Jersey
Republican
New Jersey
Democrat
New Jersey
Democrat
New Jersey
Democrat
New Jersey
Democrat
New Jersey
Democrat
New Jersey
Democrat
New York
Democrat
Pennsylvania
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

National Flood Insurance Program Reauthorization and Reform Act of 2019

This bill generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2024.

The bill addresses NFIP coverage, cost, and availability, including by

  • generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years;
  • revising flood insurance coverage limits;
  • establishing the Affordability Assistance Fund to provide financial assistance to low income households through vouchers, grants, or premium credits; and
  • revising standards and certification requirements for flood insurance rate maps.

The bill also revises administrative provisions of NFIP, including by

  • allowing for the continuous operation of NFIP during a lapse in appropriations, and
  • prohibiting the Department of the Treasury from charging FEMA interest for NFIP debt for five years.

The bill sets forth requirements for Write Your Own companies related to reimbursements, agent commissions, and penalties for underpayment of claims. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.)

The bill establishes a state revolving fund for flood mitigation activities and also provides for loans, grants, and other incentives regarding mitigation.

Text (1)
July 22, 2019
Actions (3)
07/23/2019
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
07/22/2019
Referred to the Committee on Financial Services, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
07/22/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:50:30 PM