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A bill to reauthorize the National Flood Insurance Program, and for other purposes.

USA115th CongressS-1368| Senate 
| Updated: 6/15/2017
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (9)
Bill Cassidy (Republican)Jack Reed (Democratic)Elizabeth Warren (Democratic)Chris Van Hollen (Democratic)John Kennedy (Republican)Bill Nelson (Democratic)Thad Cochran (Republican)Cory A. Booker (Democratic)Marco Rubio (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Sustainable, Affordable, Fair, and Efficient (SAFE) National Flood Insurance Program Reauthorization Act of 2017 This bill amends the National Flood Insurance Act of 1968 to extend through FY2023 the National Flood Insurance Program (NFIP). NFIP policy coverage limits for residential and nonresidential buildings are increased. NFIP premiums, surcharges, and fees may not be increased by more than 10% each year. The Federal Emergency Management Agency (FEMA) must provide: (1) loans for mitigation projects, and (2) other financial assistance to qualified households for NFIP premium payments and mitigation projects. The limitation on Increased Cost of Compliance (ICC) coverage (offered by NFIP to cover the cost of flood mitigation measures on certain structures) is increased to $100,000 and ICC eligibility is expanded. This bill prevents the Department of the Treasury from charging interest to FEMA on amounts borrowed for NFIP through FY2023. This bill directs FEMA to revise: (1) directives related to the Write Your Own program, (2) specified elements of the claims process, (3) the appeals process for claims and flood map determinations, and (4) certain flood risk zones. FEMA must study business interruption coverage and participation rates in specified flood zones. This bill also makes changes to: (1) FEMA's mitigation assistance programs, (2) the usage and collection of specified surcharges and fees, (3) the scope of coverage available under NFIP, (4) requirements of NFIP engineers and adjusters, and (5) regulations relating to the disclosure of flood risks on rental property. This bill amends the Biggert-Waters Flood Insurance Reform Act of 2012 to reauthorize through FY2023 the National Flood Mapping Program.
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Timeline
Jun 15, 2017
Introduced in Senate
Jun 15, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 19, 2017

Latest Companion Bill Action

HR 115-3285
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
  • June 15, 2017
    Introduced in Senate


  • June 15, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • July 19, 2017

    Latest Companion Bill Action

    HR 115-3285
    Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

Finance and Financial Sector

Related Bills

  • S 115-3670: A bill to reauthorize the National Flood Insurance Program.
  • S 115-3703: A bill to reauthorize the National Flood Insurance Program.
  • S 115-2090: A bill to amend the Biggert-Waters Flood Insurance Reform Act of 2012 to make reforms to flood mapping programs, and for other purposes.
  • S 115-3628: National Flood Insurance Program Extension Act
  • S 115-1058: A bill to authorize the Administrator of the Federal Emergency Management Agency to terminate certain contracts on the basis of detrimental conduct to the National Flood Insurance Program, and for other purposes.
  • HR 115-3285: To reauthorize the National Flood Insurance Program, and for other purposes.
Administrative law and regulatory proceduresAdministrative remediesAdvisory bodiesCivil actions and liabilityCongressional oversightDepartment of Homeland SecurityDisaster relief and insuranceEmergency planning and evacuationFederal Emergency Management Agency (FEMA)Floods and storm protectionGeography and mappingGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsGovernment trust fundsInsurance industry and regulationInterest, dividends, interest ratesIntergovernmental relationsJudicial review and appealsLand use and conservationLegal fees and court costsPublic contracts and procurementReal estate businessResidential rehabilitation and home repairRoads and highwaysRural conditions and developmentSmall townsState and local government operationsUrban and suburban affairs and developmentUser charges and fees

A bill to reauthorize the National Flood Insurance Program, and for other purposes.

USA115th CongressS-1368| Senate 
| Updated: 6/15/2017
Sustainable, Affordable, Fair, and Efficient (SAFE) National Flood Insurance Program Reauthorization Act of 2017 This bill amends the National Flood Insurance Act of 1968 to extend through FY2023 the National Flood Insurance Program (NFIP). NFIP policy coverage limits for residential and nonresidential buildings are increased. NFIP premiums, surcharges, and fees may not be increased by more than 10% each year. The Federal Emergency Management Agency (FEMA) must provide: (1) loans for mitigation projects, and (2) other financial assistance to qualified households for NFIP premium payments and mitigation projects. The limitation on Increased Cost of Compliance (ICC) coverage (offered by NFIP to cover the cost of flood mitigation measures on certain structures) is increased to $100,000 and ICC eligibility is expanded. This bill prevents the Department of the Treasury from charging interest to FEMA on amounts borrowed for NFIP through FY2023. This bill directs FEMA to revise: (1) directives related to the Write Your Own program, (2) specified elements of the claims process, (3) the appeals process for claims and flood map determinations, and (4) certain flood risk zones. FEMA must study business interruption coverage and participation rates in specified flood zones. This bill also makes changes to: (1) FEMA's mitigation assistance programs, (2) the usage and collection of specified surcharges and fees, (3) the scope of coverage available under NFIP, (4) requirements of NFIP engineers and adjusters, and (5) regulations relating to the disclosure of flood risks on rental property. This bill amends the Biggert-Waters Flood Insurance Reform Act of 2012 to reauthorize through FY2023 the National Flood Mapping Program.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 15, 2017
Introduced in Senate
Jun 15, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 19, 2017

Latest Companion Bill Action

HR 115-3285
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
  • June 15, 2017
    Introduced in Senate


  • June 15, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • July 19, 2017

    Latest Companion Bill Action

    HR 115-3285
    Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (9)
Bill Cassidy (Republican)Jack Reed (Democratic)Elizabeth Warren (Democratic)Chris Van Hollen (Democratic)John Kennedy (Republican)Bill Nelson (Democratic)Thad Cochran (Republican)Cory A. Booker (Democratic)Marco Rubio (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • S 115-3670: A bill to reauthorize the National Flood Insurance Program.
  • S 115-3703: A bill to reauthorize the National Flood Insurance Program.
  • S 115-2090: A bill to amend the Biggert-Waters Flood Insurance Reform Act of 2012 to make reforms to flood mapping programs, and for other purposes.
  • S 115-3628: National Flood Insurance Program Extension Act
  • S 115-1058: A bill to authorize the Administrator of the Federal Emergency Management Agency to terminate certain contracts on the basis of detrimental conduct to the National Flood Insurance Program, and for other purposes.
  • HR 115-3285: To reauthorize the National Flood Insurance Program, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAdministrative remediesAdvisory bodiesCivil actions and liabilityCongressional oversightDepartment of Homeland SecurityDisaster relief and insuranceEmergency planning and evacuationFederal Emergency Management Agency (FEMA)Floods and storm protectionGeography and mappingGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsGovernment trust fundsInsurance industry and regulationInterest, dividends, interest ratesIntergovernmental relationsJudicial review and appealsLand use and conservationLegal fees and court costsPublic contracts and procurementReal estate businessResidential rehabilitation and home repairRoads and highwaysRural conditions and developmentSmall townsState and local government operationsUrban and suburban affairs and developmentUser charges and fees