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Flood Insurance Fairness Act: Stabilizing Rates

This act aims to freeze flood insurance rates, meaning the Federal Emergency Management Agency (FEMA) cannot increase them without Congressional approval. This provides citizens with greater predictability regarding the cost of insuring properties in flood-prone areas, contributing to the stability of their household budgets.
Key points
FEMA cannot independently change flood insurance rates.
Any increases in flood insurance rates will require a new act of Congress.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_1960
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2021-06-07
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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

Flood Insurance Fairness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1960.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-07.

What are the main provisions?

Key points include:

  • FEMA cannot independently change flood insurance rates.
  • Any increases in flood insurance rates will require a new act of Congress.
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 Sen. Kennedy, John [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Real Estate Benefits Economy