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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Building constructionDisaster relief and insuranceFloods and storm protectionSmall businessSocial work, volunteer service, charitable organizationsTax-exempt organizations
Small Business Surcharge Relief Act
USA116th CongressS-2172| Senate
| Updated: 7/18/2019
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.
Building constructionDisaster relief and insuranceFloods and storm protectionSmall businessSocial work, volunteer service, charitable organizationsTax-exempt organizations