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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

State Flood Mitigation Revolving Fund Act of 2018

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the National Flood Insurance Act of 1968 to allow the Administrator of the Federal Emergency Management Agency to provide capitalization grants to States to establish revolving funds to provide funding assistance to reduce flood risks, and for other purposes.


Actions Overview (1)

Date Actions Overview
10/05/2018Introduced in House

All Actions (2)

Date All Actions
10/05/2018Referred to the House Committee on Financial Services.
Action By: House of Representatives
10/05/2018Introduced in House
Action By: House of Representatives

Cosponsors (3)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Williams, Roger [R-TX-25]* 10/05/2018
Rep. Gonzalez, Vicente [D-TX-15] 11/27/2018
Rep. Wilson, Frederica S. [D-FL-24] 11/27/2018

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services10/05/2018 Referred to

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Latest Summary (1)

There is one summary for H.R.7037. View summaries

Shown Here:
Introduced in House (10/05/2018)

State Flood Mitigation Revolving Fund Act of 2018

This bill amends the National Flood Insurance Act of 1968 to permit the Federal Emergency Management Agency (FEMA) to provide capitalization grants to states to establish revolving funds to address flood risks. Revolving funds may be used to provide: (1) financial assistance to participants in the National Flood Insurance Program, including homeowners, businesses, nonprofit organizations, and local governments; or (2) support for leveraged loans or state bonds. Financial assistance may be used for elevation projects, flood-proofing activities, relocation or removal of buildings, environmental restoration, acquiring property, obtaining protective easements, and other activities identified by FEMA.

States must annually submit to FEMA a plan that identifies the intended uses of the state loan fund.

States may provide additional subsidies to low-income homeowners and recipients of financial assistance in low-income areas.