Loading chat...
FL H0603
M
Status
Failed
5/2/2014
Primary Sponsor
George Moraitis
Click for details
AI Summary
- Urges Congress to enact legislation providing a reasonable rate phase-in for all primary residences purchasing flood insurance through the National Flood Insurance Program
- Identifies the Biggert-Waters Flood Insurance Reform Act of 2012 as lacking rate phase-in provisions for homeowners purchasing primary residences after July 6, 2012, despite including phase-in for other residences
- Florida holds over 2 million flood insurance policies representing 37 percent of the National Flood Insurance Program's total policies, with the program collecting $13.6 billion in premiums and paying $3.7 billion in flood losses from 1978 through 2012
- Asserts that unprecedented rate increases for primary residence policies purchased after July 6, 2012, will inhibit real estate sales and harm Florida's economy during recovery
- Directs copies of the memorial to be sent to the President, Congress leadership, and all Florida delegation members to Congress
Legislative Description
National Flood Insurance Program
Last Action
Died in Local and Federal Affairs Committee
5/2/2014
Committee Referrals
Local and Federal Affairs1/27/2014
Full Bill Text
No bill text available