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H.R. 4226: Flood Insurance Fairness Act


The text of the bill below is as of Jun 29, 2021 (Introduced).


I

117th CONGRESS

1st Session

H. R. 4226

IN THE HOUSE OF REPRESENTATIVES

June 29, 2021

introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To restrict the ability of the Administrator of the Federal Emergency Management Agency to adjust the rates for flood insurance coverage under the National Flood Insurance Program, and for other purposes.

1.

Short title

This Act may be cited as the Flood Insurance Fairness Act.

2.

Chargeable premium rates

Notwithstanding any other provision of law, including section 1308 of the National Flood Insurance Act of 1968 (42 U.S.C. 4015), with respect to the chargeable premium rates described in subsection (a)(1) of that section, as in effect on the date of enactment of this Act, the Administrator of the Federal Emergency Management Agency may not adjust those rates unless a duly enacted law of the United States enacted after the date of enactment of this Act provides the Administrator with that authority.