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H.R. 470 (116th): To repeal the mandatory flood insurance coverage requirement for commercial properties located in flood hazard areas, and for other purposes.

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 Feb 14, 2019.

This bill limits the required purchase of flood insurance in certain circumstances to only residential properties (currently, the requirement applies to all types of property).