To reauthorize the National Flood Insurance Program, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To reauthorize the National Flood Insurance Program, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Housing.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title; table of contents This Act may be cited as the Fair Flood Protection Act of 2024. The table of contents for this Act is as follows:
- Section idc0c1d6856abc407481e67a4342dc31ce: 2. Definitions In this Act: The term Administrator means the Administrator of the Agency. The term Agency means the Federal Emergency Management Agency. The...
- Section id86b1cb2df1944777b4d3c31ea6b26b92: 101. Reauthorization Section 1309(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4016(a)) is amended by striking September 30, 2023 and inserting...
- Section idcfc78d59754640e2a7c50712c1522ec2: 102. Forbearance on National Flood Insurance Program interest payments During the 20-year period beginning on the date of enactment of this Act, the Secretary...
- Section iddf2f7d2036b447c2a7559f04b1a8b5d0: 103. Elimination of Community Rating System Congress finds the following: The Community Rating System, while well-intentioned, has provided discounts to...
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
This bill, To reauthorize the National Flood Insurance Program, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Housing
Primary Purpose
This bill, To reauthorize the National Flood Insurance Program, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMr. Casey introduced the following bill; which was read twice …
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?
- "the_commission"
- → The commission identified in the operative section
- "the_administrator"
- → The Administrator identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
the program under which the Federal Emergency Management Agency enters into a standard arrangement with private property insurance companies to— sell contracts for Federal flood insurance under their own business lines of insurance
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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