H.R.469 - 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.116th Congress (2019-2020) |
|Sponsor:||Rep. Luetkemeyer, Blaine [R-MO-3] (Introduced 01/10/2019)|
|Committees:||House - Financial Services|
|Latest Action:||House - 01/10/2019 Referred to the House Committee on Financial Services. (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.469 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (01/10/2019)
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.