HR 9726
NFIP Premium Transparency Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
The NFIP Premium Transparency Act aims to increase transparency in the National Flood Insurance Program (NFIP). It requires FEMA to create an online tool that provides policyholders with detailed information about their flood insurance premiums, including discounts, estimated time to full-risk rates, mitigation options, claim history, and property details. The act also mandates that FEMA share this information with insurance companies and provides for a report analyzing the tool's effectiveness and potential improvements.
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Primary sponsor
Matt Cartwright
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