To ensure that certain communities may be granted exceptions for floodproofed residential basements for purposes of determining risk premium rates for flood insurance.
Flood Safe Basements Act - Directs the Administrator of the Federal Emergency Management Agency (FEMA) to rate a covered structure using the elevation difference between the floodproofed elevation and the adjusted base flood elevation of such structure.
Defines "covered structure" as a residential structure: (1) located in a community that has adopted flood plain management measures approved by FEMA and satisfying requirements for an exception for floodproofed residential basements, and (2) built in compliance with the applicable flood plain management measures.
Became Public Law No: 113-89.
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to proceed to consideration of measure made in Senate. (consideration: CR S335, S344-360)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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