H.R. 3872 — National Flood Insurance Program Reauthorization and Reform Act of 2019

Summary

National Flood Insurance Program Reauthorization and Reform Act of 2019

This bill generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2024.

The bill addresses NFIP coverage, cost, and availability, including by

generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years;
revising flood insurance coverage limits;
establishing the Affordability Assistance Fund to provide financial assistance to low income households through vouchers, grants, or premium credits; and
revising standards and certification requirements for flood insurance rate maps.

The bill also revises administrative provisions of NFIP, including by

allowing for the continuous operation of NFIP during a lapse in appropriations, and
prohibiting the Department of the Treasury from charging FEMA interest for NFIP debt for five years.

The bill sets forth requirements for Write Your Own companies related to reimbursements, agent commissions, and penalties for underpayment of claims. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.)

The bill establishes a state revolving fund for flood mitigation activities and also provides for loans, grants, and other incentives regarding mitigation.

Related Legislation

S. 1144FIRM IT Act of 2019

2019-04-11Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S. 2122National Flood Insurance Program Consultant Accountability Act of 2019

2019-07-16Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S. 2170MEMA Act of 2019

2019-07-18Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S. 2192State Flood Mitigation Revolving Fund Act of 2019

2019-07-18Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4953-4954)

H.R. 1610State Flood Mitigation Revolving Fund Act of 2019

2019-03-07Referred to the House Committee on Financial Services.

H.R. 2318FIRM IT Act of 2019

2019-04-12Referred to the House Committee on Financial Services.

S. 2187National Flood Insurance Program Reauthorization and Reform Act of 2019

2019-07-18Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Legislative Actions

2019-07-22

Introduced in House

2019-07-22

Introduced in House

2019-07-22

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.

2019-07-22

2019-07-23

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

National Flood Insurance Program Reauthorization and Reform Act of 2019

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Related Legislation

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