HR 7202 · 117th Congress · Finance and Financial Sector

National Flood Insurance Program Affordability Act

Introduced 2022-03-24· Sponsored by Rep. Cartwright, Matt [D-PA-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2022-03-24)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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