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MS HC51

Concurrent Resolution

Official Source

Status

Failed

4/2/2014

Primary Sponsor

David Baria

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Opposes the Biggert-Waters Flood Insurance Reform Act of 2012 and requests Congress repeal provisions that increase flood insurance rates
  • Objects to elimination of grandfathered rates for primary residences in Special Hazard Flood Areas (SHFA) when properties are sold, policies lapse, or new policies are purchased
  • Expresses concern that low and moderate income Mississippi residents will be unable to afford higher rates, go uninsured, and be unable to sell homes due to insurance costs
  • Requests that dramatic increases in flood insurance rates be considered regulatory or constructive takings requiring just compensation under the Fifth Amendment
  • Directs transmission of the resolution to the President, Congress members, and legislative leaders of all states

Legislative Description

Biggert-Waters Act of 2012; request Congress to repeal certain provisions and declare certain effects of as a taking.

Last Action

Died In Committee

4/2/2014

Committee Referrals

Rules2/24/2014

Full Bill Text

No bill text available