S 2869
NFIP Risk Rating 2.0 Delay Act of 2021
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the NFIP Risk Rating 2.0 Delay Act of 2021, temporarily prevents the Federal Emergency Management Agency (FEMA) from implementing changes to flood insurance premium rates under the National Flood Insurance Program (NFIP). It freezes the existing premium rates in place as of the bill’s enactment date, delaying the implementation of the agency’s new Risk Rating 2.0 system. This delay gives stakeholders more time to review and potentially adjust to the new risk assessment methodology.
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Primary sponsor
Marco Rubio
Cosponsors
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