H.R.4866 - Flood Insurance Rate Increase Suspension Act of 2016114th Congress (2015-2016)
|Sponsor:||Rep. Jolly, David W. [R-FL-13] (Introduced 03/23/2016)|
|Committees:||House - Financial Services|
|Latest Action:||House - 03/23/2016 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4866 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (03/23/2016)
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.