H.R.3959 - To amend the National Flood Insurance Act of 1968 to provide for the phase-in of actuarial rates for certain pre-FIRM properties.

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Official: To amend the National Flood Insurance Act of 1968 to provide for the phase-in of actuarial rates for certain pre-FIRM properties. as introduced.

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textdog 01/21/2008 1:40pm

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this bill would phase out federal subsidies for newer homes that cost more than $600,000…._________________________________________________________still: " Any premium
increase implemented as a result of the bill would yield additional receipts to the National
Flood Insurance Program (NFIP); however, CBO estimates that such funds would be spent
to cover the ongoing costs of the program, resulting in no significant net effect on direct
spending. Enacting this legislation would not affect revenues."________________________________________>>>>>>>>>
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textdog 01/21/2008 1:49pm

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that comes from the CBO estimate pdf