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Stop Flood Insurance Rate Hikes: Protecting Policyholders' Premiums

This bill aims to protect citizens from sudden increases in flood insurance premiums. It allows policyholders to keep their previous rates until the government agency meets specific conditions regarding transparency and impact analysis of new rate calculation methods. This could mean potential savings for property owners in flood-prone areas.
Key points
Option to retain flood insurance rates from April 1, 2020, until FEMA discloses all data and methods for new rate calculations.
Requirement for a public online database showing how new rate calculation methods will affect specific properties.
Mandate for a comprehensive assessment of the economic, social, and environmental impacts of new rates, including insurance affordability and property values.
Obligation to refund overpaid premiums for those who choose to maintain their old rates.
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Status:
Expired
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Additional Information
Print number: 117_HR_7364
Sponsor: Rep. Graves, Garret [R-LA-6]
Process start date: 2022-04-01
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Stop Flood Insurance Rate Hikes Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7364.

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 2022-04-01.

What are the main provisions?

Key points include:

  • Option to retain flood insurance rates from April 1, 2020, until FEMA discloses all data and methods for new rate calculations.
  • Requirement for a public online database showing how new rate calculation methods will affect specific properties.
  • Mandate for a comprehensive assessment of the economic, social, and environmental impacts of new rates, including insurance affordability and property values.
  • Obligation to refund overpaid premiums for those who choose to maintain their old rates.
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. Graves, Garret [R-LA-6].

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 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Real Estate Benefits Environment