HR 1540 · 118th Congress · Finance and Financial Sector

National Flood Insurance Program Affordability Act

Introduced 2023-03-10· 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.(2023-03-10)

Plain Language Summary

[AI summary unavailable — showing source text] National Flood Insurance Program Affordability Act This bill requires the Federal Emergency Management Agency to provide discounts on National Flood Insurance Program coverage to low-income households, small businesses, and not-for-profit entities. Specifically, the chargeable premium rate for an eligible primary residential dwelling and related personal property 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

Cosponsors (2)

2 Democrats
Rep. Tokuda, Jill N. [D-HI-2]HI
Rep. Morelle, Joseph D. [D-NY-25]NY