H.R.1267 - Flood Insurance Premium Relief Act of 2013

To delay and phase-in increases in flood insurance premium rates under the national flood insurance program for certain properties, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To delay and phase-in increases in flood insurance premium rates under the national flood insurance program for certain properties, and for other purposes. as introduced.
  • Short: Flood Insurance Premium Relief Act of 2013 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/19/13
 
 
 
 
 
 
 

Official Summary

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

Official Summary

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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