Summary: H.R.2565 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

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Reported to House with amendment(s) (07/14/2017)

(Sec. 1) This bill directs the Federal Emergency Management Agency (FEMA) to incorporate the replacement cost value of a structure insured under the National Flood Insurance Program of 1968 in its consideration of chargeable premium rates.

FEMA must conduct a study regarding risk rating redesign utilizing replacement cost and report the findings to Congress.