HR 1267 · 113th Congress · Emergency Management

Flood Insurance Premium Relief Act of 2013

Introduced 2013-03-19· Sponsored by Rep. Palazzo, Steven M. [R-MS-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2013-03-19)

Plain Language Summary

[AI summary unavailable — showing source text] Flood Insurance Premium Relief Act of 2013 - States that the flood insurance risk premium rate for property purchased between July 6, 2012, and January 1, 2015, shall, during the 12-month period beginning upon such purchase, be the amount chargeable for such property immediately before its purchase (thus delaying implementation of the rate increase). Requires phase-in of the rate increase, following expiration of such 12-month period, over a 10-year period, at 10% for each year. Makes conforming amendments to the National Flood Insurance Act of 1968.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Jones, Walter B., Jr. [R-NC-3]NC