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H.R. 4866 (114th): Flood Insurance Rate Increase Suspension Act of 2016


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.