- EnactedDecember 18th, 2014The President signed this bill into law
- The senate Passed December 15th, 2014Passed by Voice Vote
- The house Passed December 2nd, 2014Roll Call Vote 410 Yea / 7 Nay
Committee on Natural ResourcesIntroducedNovember 21st, 2013
- house Committees
What is House Bill H.R. 3572?
This bill would change the boundaries of the John H. Chafee Coastal Barrier Resources System (CBRS) units in North Carolina.
This revision of boundaries would include the addition of 764 acres of land to the CBRS and exclude certain private sections of land. Private owners in about 30 structures affected by H.R. 3571 would be eligible for federal flood insurance.
People with property near the North Carolina John H. Chafee Coastal Barrier Resources System (CBRS), Federal flood insurance agents.
Cost of House Bill H.R. 3572
A CBO cost estimate found that the affect of this bill would have a negligible impact on federal spending. However, the CBO estimates that, relative to current law, implementing H.R. 3572 could increase premium collections of the National Flood Insurance Fund by less than $100,000 every year. Such collections would be offset by new mandatory spending for underwriting and administrative expenses and new flood insurance claims over the 2015-2024 period.