We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 23, 2016.
Flood Insurance Rate Increase Suspension Act of 2016
This bill bars from taking effect for a 12-month period any increases in mandatory chargeable risk premium rates for flood insurance coverage under the National Flood Insurance Act of 1968.
Beginning upon the expiration of the 12-month period, the increases in chargeable risk premium rates shall be made on a yearly basis.