To direct the Administrator of the Federal Emergency Management Agency to allow certain recipients of the Flood Mitigation Assistance Grant, and other grants, to be used for the payment of premiums for a community-based, parametric flood insurance policy, and for other purposes.
Sponsor

Full profile: /officials/G000597
Source: Congress.gov · FEC
Cosponsors (3)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Financial ServicesReferred To · 2026-05-29
Plain-English Summary
This bill would let communities that receive federal flood prevention grants use that money to pay for special flood insurance policies that pay out quickly based on the severity of a flood, rather than waiting for damage assessments. The change would help towns and cities protect themselves from flooding by giving them more flexibility in how they spend federal disaster prevention funds. Communities affected by flooding would benefit from faster insurance payouts when floods occur.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
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