S 2704 · 117th Congress · Finance and Financial Sector

Small Business Surcharge Relief Act

Introduced 2021-08-10· Sponsored by Sen. Wicker, Roger F. [R-MS]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2021-08-10)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Surcharge Relief Act This bill partially exempts small businesses and nonprofit organizations from the Homeowner Flood Insurance Affordability Act (HFIAA) surcharge. The bill limits application of the HFIAA surcharge to two buildings on the same property, exempting additional buildings. The business or organization must certify that the savings will be used for flood mitigation on the property.…

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

Cosponsors (1)

1 Republican
Sen. Hyde-Smith, Cindy [R-MS]MS