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LA HR291
Resolution
Status
6/10/2025
Primary Sponsor
Timothy Kerner
Click for details
AI Summary
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Urges Congress to pass three federal bills: the Flood Insurance Affordability Act (caps annual premium increases at 9% instead of 18%), the Risk Rating 2.0 Transparency Act (requires FEMA to publish rate data and methods), and the Flood Insurance Affordability Tax Credit Act (provides 33% refundable tax credit for low- and middle-income NFIP policyholders)
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Calls for ending FEMA's Risk Rating 2.0 pricing methodology, which the resolution states has caused significant premium increases for low- and middle-income families and may force approximately one-fifth of NFIP policyholders to drop coverage over the next ten years
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Cites Louisiana's hurricane damage from 2020-2021, including Hurricane Laura (177,000+ claims), Hurricane Delta (89,000+ claims), Hurricane Zeta (56,000+ claims), and Hurricane Ida (478,000+ claims) affecting numerous coastal parishes
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Directs that copies of the resolution be transmitted to Congress and all members of the Louisiana congressional delegation
Legislative Description
Memorializes the United States Congress to end Risk Rating 2.0 and to take certain other necessary actions to alleviate the financial burden of flood insurance
INSURANCE
Last Action
Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.
6/11/2025