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  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Financial Services
    IntroducedDecember 11th, 2013

Bill Details

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Title

Flood Insurance Relief and Transparency Act of 2013

Official Title

To clarify the application of the Biggert-Waters Flood Insurance Reform Act of 2012 to premium rates for certain properties, and for other purposes.

Summary

Flood Insurance Relief and Transparency Act of 2013 - Delays until March 1, 2015, the effective date of specified changes in risk premium rates for flood insurance under the National Flood Insurance Program (NFIP). Directs the Administrator of the Federal Emergency Management Agency (FEMA) to make publicly available all data affecting any changes in such risk premium rates. Amends the Biggert-Waters Flood Insurance Reform Act of 2012 to remove the $750,000 restriction from the maximum amount of funds available to FEMA for the study of participation in and affordability of NFIP for certain flood insurance policyholders. Amends the National Flood Insurance Act of 1968 to require FEMA to provide policyholders with the option of paying chargeable risk premiums for flood insurance coverage on an annual (as under current law) or a monthly basis. Sets forth criteria for policyholder eligibility to exercise the monthly option.

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