To delay increases in flood insurance premium rates for certain properties for 12 months, and for other purposes.
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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