Community Flood Resilience Act

This bill would require FEMA, for five years, to let states and communities that receive Flood Mitigation Assistance grants spend up to 15 percent of those funds each year on premiums for community-based parametric flood insurance. This is private insurance that pays the community when set, measurable flood conditions are met, without a damage assessment. Communities using the funds would report each year on how they promote National Flood Insurance Program enrollment and flood-risk awareness. Policies paid for this way would have to include a written disclosure explaining payout triggers and when households may not receive relief. FEMA would also allow other grant funds to be used for these premiums, conduct outreach, and report to Congress at one, three, and five years.

Full text and official record on Congress.gov

Sponsors

• Andrew R. Garbarino Republican sponsor
• 4 cosponsors