Summary of Amendments Submitted to the Rules Committee for H.R. 2874 - 21st Century Flood Reform Act

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

November 9, 2017 3:37 PM

Click on sponsor for amendment text

Donovan (NY)


Freezes flood insurance premiums in areas where flood maps are currently being redrawn.

Duffy (WI), Hensarling (TX), Barr (KY), Budd (NC), Davidson (OH), Hill (AR), Huizenga (MI), Kustoff (TN), Loudermilk (GA), Love (UT), MacArthur (NJ), McHenry (NC), Mooney (WV), Poliquin (ME), Ross (FL), Rothfus (PA), Royce (CA), Stivers (OH), Trott (MI), Williams (TX), Zeldin (NY)


SUBSTITUTE Reauthorizes the National Flood Insurance Program (NFIP) for five years. Institutes several programmatic reforms and changes to strength the solvency of the NFIP, provide new benefits to policyholders, and provide new options for lower-cost flood insurance coverage. The substitute combines the amended text of H.R. 2874 with the versions of the following other Financial Services-reported NFIP bills: H.R. 1422, H.R. 1558, H.R. 2246, H.R. 2565, H.R. 2868, and H.R. 2875.

Duffy (WI)


Allows future residential structures continued access to both NFIP and private flood coverage, establish January 1, 2019 as the effective date for commercial properties to opt-out of the NFIP, and correct a technical error in Section 607 regarding improved disclosure requirements.

Esty (CT)


Requires that the Administrator of the Federal Emergency Management Agency finalize the Biggert-Waters 2012 rule to reimburse communities for costs associated with hiring an independent engineering firm to reevaluate their flood zones no later than twelve months from enactment of this bill.

Graves, Garret (LA)


Requires the NFIP to determine and quantify any portion of a premium in excess of the costs of WYO commissions, the cost of increased risk not attributed to the actions of a policyholder, and any costs associated with inefficiencies of the NFIP program, which shall be deemed a tax.

Graves, Garret (LA)


REVISED Imposes the same fees and surcharges on policies purchased under the private market as those associated with policies purchased under the NFIP.

Graves, Garret (LA)


Ensures FEMA may not charge increased premium rates due to increased risk of flooding, if increased flood risk is attributed to actions by another agency or entity of the Federal Government.

Graves, Garret (LA)


Requires GAO to conduct a study on compliance of mandatory purchase requirements with certain limitations on annual premium increases.

Graves, Garret (LA)


Revised States that study shall determine the loss of equity for individuals and businesses attributed to rising premiums under the NFIP, changes in base flood elevation, and repetitive loss designations.

Green, Gene (TX)


Creates a temporary exemption for elderly and low income households from the "obtain and maintain" flood insurance requirement in order to receive Federal Emergency Management Agency (FEMA) Individuals and Households Program (IHP) Assistance.

LoBiondo (NJ), King, Peter (NY)


Strikes Sections 105, 506, and 202. Amends Sections 402 and 112.

Norton (DC)


Amends the Coastal Zone Management Act to include the District of Columbia in the definition of "coastal state."

Palazzo (MS)


Amends section 102 by striking language to increase premium surcharges. Maintains the $25 surcharge on primary policies and the $250 surcharge for non-residential and non-primary residences not eligible for a preferred risk policy.

Palazzo (MS)


Amends language to reduce the maximum annual premium increase to 12 percent. Strikes language to increase the minimum annual premium increase.

Palazzo (MS)


Allows a forbearance on interest payments for the National Flood Insurance Program for 5 years.

Pallone (NJ), Pascrell (NJ)


Strikes section 102 and inserts language limiting premium increases to 10%.

Pallone (NJ), Pascrell (NJ)


Strikes section 403 and raises the Increased Cost of Compliance from $30,000 to $100,000. Expands eligibility and clarifies coverage limits.

Pallone (NJ), Pascrell (NJ)


Strikes section 507 and inserts language limiting compensation of Write Your Own companies to not more than 22.46% of the aggregate amount of premiums charged by the company, while maintaining agent commissions at 15%.

Pallone (NJ), Pascrell (NJ)


Strikes title IV and inserts language making numerous claims process reforms, including reforming the definitions of earth movement, basement and mold damage; extending the deadline to file appeals to 1 year and requiring FEMA to respond within 90 days; allowing policyholders who prevail in the appeals process to be entitlted to attorney's and expert fees; eases proof of loss requirements, and other reforms.