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Bill Sponsor
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Bills
House Bill 7037
115th Congress(2017-2018)
State Flood Mitigation Revolving Fund Act of 2018
Introduced
Introduced
Introduced in House on Oct 5, 2018
Overview
Text
Introduced
Oct 5, 2018
Latest Action
Oct 5, 2018
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
7037
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
Democrat
Charlie Crist
Florida
Democrat
Frederica Wilson
Florida
Republican
Roger Williams
Texas
Democrat
Vicente Gonzalez
Texas
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

State Flood Mitigation Revolving Fund Act of 2018

This bill amends the National Flood Insurance Act of 1968 to permit the Federal Emergency Management Agency (FEMA) to provide capitalization grants to states to establish revolving funds to address flood risks. Revolving funds may be used to provide: (1) financial assistance to participants in the National Flood Insurance Program, including homeowners, businesses, nonprofit organizations, and local governments; or (2) support for leveraged loans or state bonds. Financial assistance may be used for elevation projects, flood-proofing activities, relocation or removal of buildings, environmental restoration, acquiring property, obtaining protective easements, and other activities identified by FEMA.

States must annually submit to FEMA a plan that identifies the intended uses of the state loan fund.

States may provide additional subsidies to low-income homeowners and recipients of financial assistance in low-income areas.

Text (1)
Introduced in House
October 5, 2018
Related Bills (1)
Jun 29, 2017
Introduced in Senate
4
Sponsorship
Senate Bill 1507
State Flood Mitigation Revolving Fund Act of 2017
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
10/05/2018
Referred to the House Committee on Financial Services.
10/05/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:41:16 PM
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