HR 700

112th CONGRESS
1st Session

H. R. 700

To provide a moratorium on the issuance of flood insurance rate maps, to assist property owners in adapting to flood insurance rate map changes, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

February 14, 2011

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


A BILL

To provide a moratorium on the issuance of flood insurance rate maps, to assist property owners in adapting to flood insurance rate map changes, and for other purposes.

SECTION 1. SHORT TITLE.

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

SEC. 3. NOTIFICATION TO HOMEOWNERS REGARDING MANDATORY PURCHASE REQUIREMENT APPLICABILITY.

SEC. 4. NOTIFICATION OF ESTABLISHMENT OF FLOOD ELEVATIONS.

SEC. 5. REVIEW OF FLOOD MAP CHANGES BY AFFECTED COMMUNITIES.

SEC. 6. REVIEW OF FLOOD MAP METHODOLOGY.

SEC. 7. APPEALS.

SEC. 8. STUDY ON REPAYING FLOOD INSURANCE DEBT.

END