H.R. 2565: To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the ...

115th Congress

To require the use of replacement cost value in determining the premium rates for flood insurance coverage under the National Flood Insurance Act, and for other purposes.

Sponsor: Rep. Blaine Luetkemeyer — R — MO

H.R. 2565 would direct the Federal Emergency Management Agency (FEMA) to analyze different methods and develop a plan for incorporating the actual replacement cost of each structure insured by the National Flood Insurance Program (NFIP) into the premium charged to each property owner. The bill also would require FEMA to submit the plan and an analysis of any alternative plans it considered to the Congress. FEMA would then be required to phase in its plan over a three-year period.

View the full vote history of this bill on GovTrack.us.