US HB471 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.
Title
Taxpayer Exposure Mitigation Act
Sponsors
| Rep. Blaine Luetkemeyer [R-MO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-10 | House | Referred to the House Committee on Financial Services. |
| 2019-01-10 | House | Introduced in House |
Subjects
Disaster relief and insurance
Finance and financial sector
Floods and storm protection
Insurance industry and regulation
Finance and financial sector
Floods and storm protection
Insurance industry and regulation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/471/all-info |
| Text | https://www.congress.gov/116/bills/hr471/BILLS-116hr471ih.pdf |
