HR 1453

112th CONGRESS
1st Session

H. R. 1453

To revise the National Flood Insurance Program to more fairly treat homeowners who purchase insurance under the program.

IN THE HOUSE OF REPRESENTATIVES

April 8, 2011

Mr. HINCHEY introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To revise the National Flood Insurance Program to more fairly treat homeowners who purchase insurance under the program.

SECTION 1. SHORT TITLE.

SEC. 2. 5-YEAR DELAY IN EFFECTIVE DATE OF MANDATORY PURCHASE REQUIREMENT FOR NEW FLOOD HAZARD AREAS.

SEC. 3. 5-YEAR PHASE-IN OF FLOOD INSURANCE RATES FOR NEWLY MAPPED AREAS.

SEC. 4. REIMBURSEMENT OF PROPERTY OWNERS FOR COSTS INCURRED IN REQUESTS TO REMOVE PROPERTY FROM BASE FLOOD ELEVATIONS.

SEC. 5. COMMUNITY OUTREACH PLAN FOR UPDATING FLOODPLAIN AREAS AND FLOOD-RISK ZONES.

SEC. 6. NOTIFICATION OF ESTABLISHMENT OF FLOOD ELEVATIONS.

END