S. 2704 · 117th Congress
Small Business Surcharge Relief Act
- Stage
- In committee
- Sponsor
- Roger Wicker
- Introduced
- 2021-08-10
- Latest action
- 2021-08-10 · Introduced in Senate
Summary
Small Business Surcharge Relief Act
This bill partially exempts small businesses and nonprofit organizations from the Homeowner Flood Insurance Affordability Act (HFIAA) surcharge. The bill limits application of the HFIAA surcharge to two buildings on the same property, exempting additional buildings. The business or organization must certify that the savings will be used for flood mitigation on the property.