S. 2862
Referred to CommitteePromoting Flood Risk Mitigation Act
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
5/16/2018 • Senate
Summary
Promoting Flood Risk Mitigation Act
This bill directs the Government Accountability Office (GAO) to conduct a study to assess: (1) the efficacy of practices or programs under which the Federal Emergency Management Agency (FEMA) provides assistance to state and local governments to acquire flood-damaged properties (buyout practices), and (2) ways to streamline the buyout practices. The study must consider and analyze certain factors, such as current and future trends regarding repetitive loss structures that are insured under the National Flood Insurance Program and constraints on buyout practices.
The GAO shall submit to Congress and FEMA a report on the buyout practices study and the feasibility of FEMA establishing an alternative buyout program.
Introduced in Senate • 5/16/2018
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Bill Journey
Originated in the Senate
Introduced
May 16, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law