Flood Insurance Fairness Act

II 117TH CONGRESS 1ST SESSION S. 1960 To restrict the ability of the Administrator of the Federal Emergency Manage- ment Agency to adjust the rates for flood insurance coverage under the National Flood Insurance Program, and for other purposes. IN THE SENATE OF THE UNITED STATES JUNE 7, 2021 Mr. KENNEDY introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To restrict the ability of the Administrator of the Federal Emergency Management Agency to adjust the rates for flood insurance coverage under the National Flood Insur- ance Program, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Flood Insurance Fair- 4 ness Act’’. 5 SEC. 2. CHARGEABLE PREMIUM RATES. 6 Notwithstanding any other provision of law, including 7 section 1308 of the National Flood Insurance Act of 1968 8 VerDate Sep 11 2014 05:01 Jun 16, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1960.IS S1960 kjohnson on DSK79L0C42PROD with BILLS 2 •S 1960 IS (42 U.S.C. 4015), with respect to the chargeable premium 1 rates described in subsection (a)(1) of that section, as in 2 effect on the date of enactment of this Act, the Adminis- 3 trator of the Federal Emergency Management Agency 4 may not adjust those rates unless a duly enacted law of 5 the United States enacted after the date of enactment of 6 this Act provides the Administrator with that authority. 7 Æ VerDate Sep 11 2014 05:01 Jun 16, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S1960.IS S1960 kjohnson on DSK79L0C42PROD with BILLS