H.R. 5618 · 115th Congress
Flooded Homeowner Financial Relief Act of 2018
- Stage
- In committee
- Sponsor
- John Faso
- Introduced
- 2018-04-25
- Latest action
- 2018-04-25 · Introduced in House
Summary
Flooded Homeowner Financial Relief Act of 2018
This bill exempts certain property from the National Flood Insurance Program's mandatory purchase requirement. Specifically, a flood-hazard-area property that is part of a binding agreement for open-space conversion under an approved buy-out program shall be exempt from the requirement to purchase flood insurance.