H.R.2565 - To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.115th Congress (2017-2018) |
|Sponsor:||Rep. Luetkemeyer, Blaine [R-MO-3] (Introduced 05/19/2017)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 115-221|
|Latest Action:||House - 07/14/2017 Placed on the Union Calendar, Calendar No. 156. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.2565 — 115th Congress (2017-2018)All Information (Except Text)
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.