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NFIP Premium Transparency Act

10/4/2024, 1:30 PM

Summary of Bill HR 9726

The NFIP Premium Transparency Act, designated as H.R. 9726 in the 118th Congress and introduced on September 20, 2024, aims to enhance transparency regarding premiums within the National Flood Insurance Program (NFIP). The bill likely includes provisions that seek to improve the accessibility of information related to NFIP premiums, potentially introducing measures to increase understanding and visibility of premium structures. Specific directives may involve requirements for clear disclosure of premium calculations, fostering greater understanding among policyholders and stakeholders. For further details and the full text of the bill, refer to the official PDF version accessible via the provided link.

Current Status of Bill HR 9726

Bill HR 9726 is currently in the status of Bill Introduced since September 20, 2024. Bill HR 9726 was introduced during Congress 118 and was introduced to the House on September 20, 2024.  Bill HR 9726's most recent activity was Referred to the House Committee on Financial Services. as of September 20, 2024

Bipartisan Support of Bill HR 9726

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
7
Democrat Cosponsors
6
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 9726

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 9726

NFIP Premium Transparency Act
NFIP Premium Transparency Act
To require the Administrator of the Federal Emergency Management Agency to develop a flood insurance information tool, and for other purposes.

Comments

Eliana Harding profile image

Eliana Harding

462

1 year ago

I can't believe this bill passed, it's going to have such a negative impact on so many people. How will this affect us in the short term?