National Flood Insurance Program Affordability Act

This bill would require the Federal Emergency Management Agency (FEMA) to create, within one year, an income-based program that gives discounts on national flood insurance costs for primary homes and their contents. Discounts would be set so an eligible policyholder's premium could not be more than 1 percent of the area median income. Households earning up to 120 percent of area median income could qualify, as could businesses with 100 or fewer employees and nonprofits that meet a hardship standard FEMA would set. The bill would provide $250 million each year for the program and require FEMA to either start allowing monthly premium payments within 180 days or explain to Congress why it cannot.

Full text and official record on Congress.gov

Sponsors

• Robert P. Bresnahan, Jr. Republican sponsor
• 1 cosponsors