To establish a means-tested assistance program for national flood insurance program policyholders, and for other purposes.
National Flood Insurance Program Affordability Act
This bill requires the Federal Emergency Management Agency (FEMA) to provide discounts on National Flood Insurance Program coverage to low-income households and other entities. Specifically, the chargeable premium rate for an eligible primary residential dwelling must not exceed 1% of the median income of the area in which the property is located.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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