HR 3414
To repeal the mandatory flood insurance coverage requirement for commercial properties located in flood hazard areas, and for other purposes.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to change the rules surrounding flood insurance requirements for commercial properties. Specifically, it seeks to repeal the mandatory flood insurance coverage requirement for commercial properties located in flood hazard areas. The bill modifies key sections of the Flood Disaster Protection Act of 1973 and the National Flood Insurance Act of 1968 to redefine ‘residential improved real estate,’ primarily focusing on properties used for residential purposes and those receiving federal financing. Importantly, the bill clarifies that flood insurance can still be offered for certain non-residential properties and structures financed with commercial loans.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Blaine Luetkemeyer
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.