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H.R. 7202

BillFederalHouseIntroduced
To establish a means-tested assistance program for national flood insurance program policyholders, and for other purposes.
About This Bill
Introduced
Congress
117th (2021–2023)
Introduced
March 24, 2022
Cosponsors (0)
None
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Summary

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National Flood Insurance Program Affordability Act This bill requires the Federal Emergency Management Agency (FEMA) to provide discounts on National Flood Insurance Program coverage to low-income households and other entities. Specifically, the chargeable premium rate for an eligible primary residential dwelling must not exceed 1% of the median income of the area in which the property is located.

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