Bill Sponsor
House Bill 3285
115th Congress(2017-2018)
Sustainable, Affordable, Fair, and Efficient (SAFE) National Flood Insurance Program Reauthorization Act of 2017
Introduced
Introduced
Introduced in House on Jul 18, 2017
Overview
Text
Introduced
Jul 18, 2017
Latest Action
Jul 19, 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
3285
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
Louisiana
Democrat
California
Republican
Louisiana
Republican
Mississippi
Republican
Mississippi
Democrat
New Jersey
Democrat
New Jersey
Democrat
New Jersey
Democrat
New Jersey
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Sustainable, Affordable, Fair, and Efficient (SAFE) National Flood Insurance Program Reauthorization Act of 2017

This bill amends the National Flood Insurance Act of 1968 to extend through FY2023 the National Flood Insurance Program (NFIP).

NFIP policy coverage limits for residential and nonresidential buildings are increased.

NFIP premiums, surcharges, and fees may not be increased by more than 10% each year.

The Federal Emergency Management Agency (FEMA) must provide: (1) loans for mitigation projects, and (2) other financial assistance to qualified households for NFIP premium payments and mitigation projects.

The limitation on Increased Cost of Compliance (ICC) coverage (offered by NFIP to cover the cost of flood mitigation measures on certain structures) is increased to $100,000 and ICC eligibility is expanded.

This bill prevents the Department of the Treasury from charging interest to FEMA on amounts borrowed for NFIP through FY2023.

This bill directs FEMA to revise: (1) directives related to the Write Your Own program, (2) specified elements of the claims process, (3) the appeals process for claims and flood map determinations, and (4) certain flood risk zones.

FEMA must study business interruption coverage and participation rates in specified flood zones.

This bill also makes changes to: (1) FEMA's mitigation assistance programs, (2) the usage and collection of specified surcharges and fees, (3) the scope of coverage available under NFIP, (4) requirements of NFIP engineers and adjusters, and (5) regulations relating to the disclosure of flood risks on rental property.

This bill amends the Biggert-Waters Flood Insurance Reform Act of 2012 to reauthorize through FY2023 the National Flood Mapping Program.
Text (1)
July 18, 2017
Actions (3)
07/19/2017
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
07/18/2017
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.
07/18/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:37:24 PM