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Flood Insurance Discounts for Low-Income, Small Businesses, and Non-Profits

This act aims to reduce flood insurance costs for lower-income individuals, small businesses, and non-profit organizations. It establishes a discount program to ensure premiums do not exceed 1% of the area's median income. Additionally, the act seeks to facilitate monthly premium payments.
Key points
Flood insurance discount program for households with income up to 120% of the area median income.
Financial assistance for small businesses (up to 100 employees) and non-profit organizations meeting hardship criteria.
Implementation of monthly installment payments for flood insurance premiums to ease financial burden.
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Status:
Expired
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Additional Information
Print number: 118_HR_1540
Sponsor: Rep. Cartwright, Matt [D-PA-8]
Process start date: 2023-03-10
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

National Flood Insurance Program Affordability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1540.

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 2023-03-10.

What are the main provisions?

Key points include:

  • Flood insurance discount program for households with income up to 120% of the area median income.
  • Financial assistance for small businesses (up to 100 employees) and non-profit organizations meeting hardship criteria.
  • Implementation of monthly installment payments for flood insurance premiums to ease financial burden.
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. Cartwright, Matt [D-PA-8].

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 2025-12-24.

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

Benefits Real Estate Economy