H.R. 7202 · 117th Congress
National Flood Insurance Program Affordability Act
- Stage
- In committee
- Sponsor
- Matt Cartwright
- Introduced
- 2022-03-24
- Latest action
- 2022-03-24 · Introduced in House
Summary
National Flood Insurance Program Affordability Act
This bill requires the Federal Emergency Management Agency (FEMA) to provide discounts on National Flood Insurance Program coverage to low-income households and other entities. Specifically, the chargeable premium rate for an eligible primary residential dwelling must not exceed 1% of the median income of the area in which the property is located.