HR 3959 · 110th Congress · Emergency Management
To amend the National Flood Insurance Act of 1968 to provide for the phase-in of actuarial rates for certain pre-FIRM properties.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2008-01-24)
Plain Language Summary
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Amends the National Flood Insurance Act of 1968 (Act) to provide for phased-in actuarial premium rates for recently purchased pre-FIRM properties costing at least $600,000. (A pre-FIRM structure is one that was not constructed or substantially improved after the later of: (1) December 31, 1974; or (2) the effective date of the initial rate map published by the Director of the Federal Emergency Management Agency (FEMA) under the National Flood Insurance Act of 1968 for the area in which such structure is located.)…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3959, A bill to amend the National Flood Insurance Act of 1968 to provide for the phase-in of actuarial rates for certain pre-FIRM properties
Nov 20, 2007<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 31, 2007</p>
Full CBO report ↗H.R. 3959, A bill to amend the National Flood Insurance Act of 1968 to provide for the phase-in of actuarial rates for certain pre-FIRM properties
Nov 20, 2007Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 31, 2007
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office