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Flood Insurance Transparency: New Tool Reveals True Risk and Premium Costs.

This Act mandates FEMA to significantly increase transparency regarding flood insurance policies. Citizens will receive detailed breakdowns of how their premiums are calculated, including all discounts applied and the estimated time until they reach the full-risk rate. Furthermore, FEMA must develop an online tool allowing property owners to view their full flood risk and simulate how mitigation efforts can lower their insurance costs.
Key points
Insurance declaration pages must clearly list all discounts, claim history, current risk factors, and the property's replacement cost value.
FEMA will launch an online tool providing the property's full-risk premium rate and allowing users to adjust variables to see potential premium reductions from mitigation.
Property owners gain access to detailed flood history, prior claims, and the dates of flood hazard determinations for their specific location.
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Expired
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Additional Information
Print number: 118_HR_9726
Sponsor: Rep. Cartwright, Matt [D-PA-8]
Process start date: 2024-09-20
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

NFIP Premium Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9726.

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 2024-09-20.

What are the main provisions?

Key points include:

  • Insurance declaration pages must clearly list all discounts, claim history, current risk factors, and the property's replacement cost value.
  • FEMA will launch an online tool providing the property's full-risk premium rate and allowing users to adjust variables to see potential premium reductions from mitigation.
  • Property owners gain access to detailed flood history, prior claims, and the dates of flood hazard determinations for their specific location.
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 2025-12-26.

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Real Estate Economy Environment