H. R. 1929
IN THE HOUSE OF REPRESENTATIVES
April 5, 2017
Mr. Crist introduced the following bill; which was referred to the Committee on Financial Services
To increase the maximum amount of increased cost of compliance coverage available under the National Flood Insurance Program, and for other purposes.
This Act may be cited as the
Empowering Homeowners to Mitigate Flood Damage Act of 2017.
Increased cost of compliance coverage
Section 1304(b) of the National Flood Insurance Act of 1968 (42 U.S.C. 4011(b)) is amended—
in paragraph (4), by redesignating subparagraphs (A) through (D) as clauses (i) through (iv), respectively;
by redesignating paragraphs (1) through (4) as subparagraphs (A) through (D), respectively;
by inserting before
The national flood insurance program the following:
(1) In general.—;
The Administrator and inserting the following:
by adding at the end the following new paragraphs:
Amount of coverage
Each policy for flood insurance coverage made available under this title shall provide coverage under this subsection having an aggregate liability for any single property of $60,000.
Treatment of coverage limits
Any amount of coverage for a property provided pursuant to this subsection shall not be considered or counted for purposes of any limitation on coverage applicable to such property under section 1306(b) (42 U.S.C. 4013(b)).