- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Financial ServicesIntroducedJanuary 9th, 2014
- house Committees
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Flood Safe Basements Act
To ensure that certain communities may be granted exceptions for floodproofed residential basements for purposes of determining risk premium rates for flood insurance.
Flood Safe Basements Act - Directs the Administrator of the Federal Emergency Management Agency (FEMA) to rate a covered structure using the elevation difference between the floodproofed elevation and the adjusted base flood elevation of such structure. Defines "covered structure" as a residential structure: (1) located in a community that has adopted flood plain management measures approved by FEMA and satisfying requirements for an exception for floodproofed residential basements, and (2) built in compliance with the applicable flood plain management measures.