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

United States115th CongressHR-3936House of Representatives
Updated: Oct 3, 2017

Summary

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.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. 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.

    House of Representatives

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