Flood Insurance Fairness Act

Senate Bill 1960 - Flood Insurance Fairness Act: Overview, Status, and Impact

Hozzl · 2022-12-30T21:31:02Z

Explore the details of Senate Bill 1960 Flood Insurance Fairness Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/30/2022, 9:31 PM

Congressional Summary of S 1960

Flood Insurance Fairness Act

This bill prohibits the Federal Emergency Management Agency (FEMA) from adjusting the premium rate of flood insurance issued under the National Flood Insurance Program. Under current law, FEMA has statutory authority to set premium rates subject to certain limitations on annual increases.

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Current Status of Bill S 1960

Bill S 1960 is currently in the status of Bill Introduced since June 7, 2021. Bill S 1960 was introduced during Congress 117 and was introduced to the Senate on June 7, 2021. Bill S 1960's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 7, 2021

Bipartisan Support of Bill S 1960

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1960

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Disaster relief and insurance

- Floods and storm protection

Alternate Title(s) of Bill S 1960

A bill to restrict the ability of the Administrator of the Federal Emergency Management Agency to adjust the rates for flood insurance coverage under the National Flood Insurance Program, and for other purposes.

Flood Insurance Fairness Act