HR 2565 · 115th Congress · Finance and Financial Sector

To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.

Introduced 2017-05-19· Sponsored by Rep. Luetkemeyer, Blaine [R-MO-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 156.(2017-07-14)

Plain Language Summary

[AI summary unavailable — showing source text] This bill amends the National Flood Insurance Act of 1968 to direct the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates. FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 2565, a bill to require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes

Jul 17, 2017

As ordered reported by the House Committee on Financial Services on June 21, 2017

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office