Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
Senate Bill 2266
116th Congress(2019-2020)
Group Flood Insurance Policy Extension Act of 2019
Introduced
Introduced
Introduced in Senate on Jul 25, 2019
Overview
Text
Introduced
Jul 25, 2019
Latest Action
Jul 25, 2019
Origin Chamber
Senate
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
2266
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
Joe Manchin
West Virginia
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Group Flood Insurance Policy Extension Act of 2019

This bill extends the term of certain existing Group Flood Insurance Policies. Specifically, the term is extended for active policies awaiting funds from the Department of Housing and Urban Development's Community Development Block Grant-Disaster Recovery fund. (Group Flood Insurance Policies are offered through the Federal Emergency Management Agency (FEMA) to certain individuals who do not have flood insurance and have received FEMA assistance after a presidentially declared disaster.)

FEMA must provide financial assistance to individuals with extended-term policies in the amount of the additional required premium.

The Government Accountability Office must report on the costs and benefits of Group Flood Insurance Policies and the rate at which individuals purchase private policies after the term of these policies expire.

Text (1)
Introduced in Senate
July 25, 2019
Actions (2)
07/25/2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
07/25/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:23 PM
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