H.R. 4866 · 114th Congress
Flood Insurance Rate Increase Suspension Act of 2016
- Stage
- In committee
- Sponsor
- David Jolly
- Introduced
- 2016-03-23
- Latest action
- 2016-03-23 · Introduced in House
Summary
Flood Insurance Rate Increase Suspension Act of 2016
This bill bars from taking effect for a 12-month period any increases in mandatory chargeable risk premium rates for flood insurance coverage under the National Flood Insurance Act of 1968.
Beginning upon the expiration of the 12-month period, the increases in chargeable risk premium rates shall be made on a yearly basis.