{"@context":"https://schema.org","@type":"Legislation","name":"National Flood Insurance Program Reauthorization and Reform Act of 2019","description":"

National Flood Insurance Program Reauthorization and Reform Act of 2019

This bill generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2024.

The bill addresses NFIP coverage, cost, and availability, including by

generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years;
revising flood insurance coverage limits;
establishing the Affordability Assistance Fund to provide financial assistance to low income households through vouchers, grants, or premium credits; and
revising standards and certification requirements for flood insurance rate maps.

The bill also revises administrative provisions of NFIP, including by

allowing for the continuous operation of NFIP during a lapse in appropriations, and
prohibiting the Department of the Treasury from charging FEMA interest for NFIP debt for five years.

The bill sets forth requirements for Write Your Own companies related to reimbursements, agent commissions, and penalties for underpayment of claims. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.)

The bill establishes a state revolving fund for flood mitigation activities and also provides for loans, grants, and other incentives regarding mitigation.

","legislationIdentifier":"HR 3872","legislationType":"Bill","legislationLegalForce":"NotInForce","legislationJurisdiction":"USA","author":[{"@type":"Person","name":"Frank Pallone","url":"https://legisdaily.com/mp/frank-pallone-us"}],"about":{"@type":"Thing","name":"Finance and Financial Sector"},"keywords":"Accounting and auditing, Administrative law and regulatory procedures, Administrative remedies, Advisory bodies, Alternative dispute resolution, mediation, arbitration, American Samoa, Appropriations, Banking and financial institutions regulation, Building construction, Business records, Computers and information technology, Congressional oversight, Contracts and agency, Cooperative and condominium housing, Department of Homeland Security, Digital media, Disaster relief and insurance, Emergency planning and evacuation, Executive agency funding and structure, Federal Emergency Management Agency (FEMA), Federal-Indian relations, Floods and storm protection, Geography and mapping, Government employee pay, benefits, personnel management, Government ethics and transparency, public corruption, Government information and archives, Government lending and loan guarantees, Government liability, Government studies and investigations, Government trust funds, Guam, Housing and community development funding, Housing finance and home ownership, Indian social and development programs, Inflation and prices, Insurance industry and regulation, Interest, dividends, interest rates, Intergovernmental relations, Judicial review and appeals, Legal fees and court costs, Licensing and registrations, Life, casualty, property insurance, Low- and moderate-income housing, Marshall Islands, Micronesia, Northern Mariana Islands, Oceania, Outdoor recreation, Palau, Performance measurement, Poverty and welfare assistance, Public contracts and procurement, Public-private cooperation, Residential rehabilitation and home repair, Securities, State and local finance, State and local government operations, Urban and suburban affairs and development, User charges and fees, U.S. territories and protectorates, Virgin Islands, Wetlands","dateModified":"2025-06-04T00:00:00.000Z","url":"https://legisdaily.com/bill/USA-116-HR-3872"}

Frank Pallone

Frank Pallone

Transportation and Infrastructure Committee, Financial Services Committee, Economic Development, Public Buildings, and Emergency Management Subcommittee