HR 3417 · 117th Congress · Finance and Financial Sector

Taxpayer Exposure Mitigation Act

Introduced 2021-05-20· Sponsored by Rep. Luetkemeyer, Blaine [R-MO-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2021-05-20)

Plain Language Summary

[AI summary unavailable — showing source text] Taxpayer Exposure Mitigation Act This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.…

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