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Flood Insurance: Report on Impact of Changes to Coastal Areas and Counties

This bill requires FEMA to prepare a detailed report before implementing changes to flood risk assessment methodology that would affect insurance premiums. The report must assess the impact of these changes on premium rates, community participation in the insurance program, and the financial situation of low-income individuals. The goal is to ensure citizens and communities are aware of potential financial consequences and flood insurance availability.
Key points
Reporting Requirement: FEMA must publish a report on the impact of changes to flood risk assessment methodology on insurance premiums before these changes take effect.
Protection from Sudden Increases: Changes to insurance premiums cannot be implemented during the COVID-19 pandemic or for 6 months after its termination.
Impact Analysis on Citizens: The report must consider the impact of changes on premium rates for various property categories, including low-income individuals, and on the overall availability of flood insurance.
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Additional Information
Print number: 117_HR_2995
Sponsor: Rep. Rice, Kathleen M. [D-NY-4]
Process start date: 2021-05-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

NFIP RISC Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2995.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-04.

What are the main provisions?

Key points include:

  • Reporting Requirement: FEMA must publish a report on the impact of changes to flood risk assessment methodology on insurance premiums before these changes take effect.
  • Protection from Sudden Increases: Changes to insurance premiums cannot be implemented during the COVID-19 pandemic or for 6 months after its termination.
  • Impact Analysis on Citizens: The report must consider the impact of changes on premium rates for various property categories, including low-income individuals, and on the overall availability of flood insurance.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Rice, Kathleen M. [D-NY-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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