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H.R. 3167, National Flood Insurance Program Reauthorization Act of 2019 (CBO Report for Congress)

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Congress 116th
Date Requested June 11, 2019
Requested By House Committee on Financial Services
Date Sent Oct. 4, 2019
Description:
The bill would Extend the authority of the National Flood Insurance Program (NFIP) to operate through fiscal year 2024 Change premium amounts for some policyholders Authorize appropriations for several grant programs related to mapping flood zones and mitigating flood risks Estimated budgetary effects would primarily stem from Changing policyholders’ premiums and coverage Changes in the number of people who choose to purchase NFIP policies Amounts appropriated for various NFIP grant programs Areas of significant uncertainty include Estimating the number of affected policyholders and properties Estimating policyholders’ responses to changes in incentives to purchase or drop insurance coverage Estimating how many policyholders and communities would appeal changes to flood maps and how the results of those appeals would affect premiums

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