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To forgive the indebtedness of the National Flood Insurance Program, and for other purposes.

USA115th CongressHR-3936| House 
| Updated: 10/3/2017
Maxine Waters

Maxine Waters

Democratic Representative

California

Cosponsors (3)
Juan Vargas (Democratic)Michael E. Capuano (Democratic)Nydia M. Velázquez (Democratic)

Financial Services Committee, Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
National Flood Insurance Program Debt Forgiveness Act of 2017 This bill cancels all indebtedness outstanding as of September 30, 2016, of the Federal Emergency Management Agency (FEMA) under any notes or other obligations issued pursuant to the National Flood Insurance Act of 1968 and the Federal Flood Insurance Act of 1956. Such cancelled indebtedness may be treated as a public debt of the United States and is designated as an emergency pursuant to the Statutory Pay-As-You-Go Act of 2010.
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Timeline
Oct 3, 2017
Introduced in House
Oct 3, 2017
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • October 3, 2017
    Introduced in House
  • October 3, 2017
    Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Finance and Financial Sector

Budget deficits and national debtDepartment of Homeland SecurityDisaster relief and insuranceFederal Emergency Management Agency (FEMA)Floods and storm protection

To forgive the indebtedness of the National Flood Insurance Program, and for other purposes.

USA115th CongressHR-3936| House 
| Updated: 10/3/2017
National Flood Insurance Program Debt Forgiveness Act of 2017 This bill cancels all indebtedness outstanding as of September 30, 2016, of the Federal Emergency Management Agency (FEMA) under any notes or other obligations issued pursuant to the National Flood Insurance Act of 1968 and the Federal Flood Insurance Act of 1956. Such cancelled indebtedness may be treated as a public debt of the United States and is designated as an emergency pursuant to the Statutory Pay-As-You-Go Act of 2010.
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Timeline
Oct 3, 2017
Introduced in House
Oct 3, 2017
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • October 3, 2017
    Introduced in House
  • October 3, 2017
    Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Maxine Waters

Maxine Waters

Democratic Representative

California

Cosponsors (3)
Juan Vargas (Democratic)Michael E. Capuano (Democratic)Nydia M. Velázquez (Democratic)

Financial Services Committee, Budget Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Budget deficits and national debtDepartment of Homeland SecurityDisaster relief and insuranceFederal Emergency Management Agency (FEMA)Floods and storm protection