To require a study of voluntary community-based flood insurance options and how such options could be incorporated into the national flood insurance program, and for other purposes.
Committees
House Financial Services; Senate Banking, Housing, and Urban Affairs
Bill Summary
Directs the Administrator of the Federal Emergency Management Agency (FEMA) to assess options, methods, and strategies for making voluntary community-based flood insurance policies available through the National Flood Insurance Program. Requires the report on the study to specified congressional committees to make recommendations for a strategy to implement voluntary community-based flood insurance policies that would encourage communities to undertake flood mitigation activities, including construction, reconstruction, or improvement of levees, dams, or other flood control structures. Directs the Comptroller General to review the Administrator's report and make comments or recommendations to such congressional committees.
To require a study of voluntary community-based flood insurance options and how such options could be incorporated into the national flood insurance program, and for other purposes.
Directs the Administrator of the Federal Emergency Management Agency (FEMA) to assess options, methods, and strategies for making voluntary community-based flood insurance policies available through the National Flood Insurance Program. Requires the report on the study to specified congressional committees to make recommendations for a strategy to implement voluntary community-based flood insurance policies that would encourage communities to undertake flood mitigation activities, including construction, reconstruction, or improvement of levees, dams, or other flood control structures. Directs the Comptroller General to review the Administrator's report and make comments or recommendations to such congressional committees.
House Financial Services; Senate Banking, Housing, and Urban Affairs
Date
Sept. 10, 2012
Question
On Motion to Suspend the Rules and Pass
Vote Type
2/3 YEA-AND-NAY
Result
Passed
Description
To require a study of voluntary community-based flood insurance options and how such options could be incorporated into the national flood insurance program