NFIP Premium Transparency Act

This bill would change what information FEMA must give to people with federal flood insurance policies. Within 12 months, each policy's declaration page would have to list the current premium, any discounts, yearly limits on premium increases, the replacement cost value, the rating factors used to set the price, and any special categories such as repeated flood losses. Within 36 months, FEMA would have to build an online tool showing premium, risk rate, flood claim history, and other details for each insurable property, with some information open to the public and some limited to property owners. FEMA would also have to publish yearly premium statistics for each state, county, and ZIP code. The Government Accountability Office would have to report on whether the tool could be expanded, including access for prospective home buyers.

Full text and official record on Congress.gov

Sponsors

• Cleo Fields Democrat sponsor
• 3 cosponsors