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H.R. 1267

BillFederalHouseIn Committee
Flood Insurance Premium Relief Act of 2013
About This Bill
Committee
Latest Action · March 19, 2013
Referred to the House Committee on Financial Services.
Congress
113th (2013–2015)
Introduced
March 19, 2013
Cosponsors (1)
0D 1R
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Summary

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Flood Insurance Premium Relief Act of 2013 - States that the flood insurance risk premium rate for property purchased between July 6, 2012, and January 1, 2015, shall, during the 12-month period beginning upon such purchase, be the amount chargeable for such property immediately before its purchase (thus delaying implementation of the rate increase). Requires phase-in of the rate increase, following expiration of such 12-month period, over a 10-year period, at 10% for each year. Makes conforming amendments to the National Flood Insurance Act of 1968.

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