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Flood Insurance Affordability Act
2/16/2024, 3:28 PM
Congressional Summary of S 601
Flood Insurance Affordability Act
This bill lowers the annual limit on National Flood Insurance Program (NFIP) premium increases applicable to primary residences from 18% to 9%.
Read the Full Bill
Current Status of Bill S 601
Bill S 601 is currently in the status of Bill Introduced since March 1, 2023. Bill S 601 was introduced during Congress 118 and was introduced to the Senate on March 1, 2023. Bill S 601's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 1, 2023
Bipartisan Support of Bill S 601
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 601
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 601
Flood Insurance Affordability Act
Flood Insurance Affordability Act
A bill to amend the National Flood Insurance Act of 1968 to modify the amount by which the chargeable risk premium rate for flood insurance under that Act may be increased in any year.
Comments
Sponsors and Cosponsors of S 601
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