H.R. 1309
Referred to CommitteeTo require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.
Latest Action
Referred to the House Committee on Financial Services.
3/1/2023 • House
Summary
This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.
FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.
Introduced in House • 3/1/2023
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Bill Journey
Originated in the House
Introduced
March 1, 2023
Referred to the House Committee on Financial Services.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law