To provide for greater transfer of risk under the National Flood Insurance Program to private capital and reinsurance markets, and for other purposes.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Taxpayer Exposure Mitigation Act and provides risk transfer requirement Subsection (e) of section 1345 of the National Flood Insurance Act of 1968 (42 U.S.C. It relies on tax rate changes, definition changes, appropriations, and compliance mandates. The main policy areas are Regulated Industries, Environment, Finance, and Housing.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Taxpayer Exposure Mitigation Act.
- Provides risk transfer requirement Subsection (e) of section 1345 of the National Flood Insurance Act of 1968 (42 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Taxpayer Exposure Mitigation Act and provides risk transfer requirement Subsection (e) of section 1345 of the National Flood Insurance Act of 1968 (42 U.S.C.
Key Policy Areas
Regulated Industries, Environment, Finance, Housing
Primary Purpose
The bill creates short title This Act may be cited as the Taxpayer Exposure Mitigation Act and provides risk transfer requirement Subsection (e) of section 1345 of the National Flood Insurance Act of 1968 (42 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
Legislative Progress
IntroducedMr. Luetkemeyer introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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