Flood Insurance Rate Increase Suspension Act of 2016
This bill bars from taking effect for a 12-month period any increases in mandatory chargeable risk premium rates for flood insurance coverage under the National Flood Insurance Act of 1968.
Beginning upon the expiration of the 12-month period, the increases in chargeable risk premium rates shall be made on a yearly basis.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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