H.R. 1422: Private Flood Insurance Market Development Act of 2017

115th Congress · introduced 2017-03-08 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 155.

federal

Follow this bill, step by step

Where it came from: introduced 2017-03-08 · official record
Who proposed it: Rep. Ross, Dennis A. [R-FL-15] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Placed on the Union Calendar, Calendar No. 155. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Private Flood Insurance Market Development Act of 2017

Plain summary

Private Flood Insurance Market Development Act of 2017 This bill amends the Flood Disaster Protection Act of 1973 to revise requirements for federal and private flood insurance. The bill revises the financial requirements that apply to flood insurance for home loans or loan guarantees by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and other federal mortgage entities. Private flood insurance must meet any financial strength requirements set forth by the Federal Housing Finance Agency. Private flood insurance may include nonadmitted insurers (including surplus lines insurance) as long as the insurer is eligible to provide insurance in the home state of the insured and complies with the laws and regulations of that state. The National Flood Insurance Act of 1968 is amended to direct the Federal Emergency Management Agency (FEMA) to consider any period during which a property was continuously covered by private flood insurance to be a period of continuous insurance coverage, including for the purposes of National Flood Insurance Program subsidies.

Congressional Research Service summary (Reported to House with amendment(s)), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Private Flood Insurance Market Development Act of 2017

Source: Congressional Research Service summary (Reported to House with amendment(s))

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Ross, Dennis A. [R-FL-15] · 21 cosponsors

Cost estimate: CBO cost estimate: H.R. 1422, EPA Science Advisory Board Reform Act of 2013 (2013-04-22); CBO cost estimate: H.R. 1422, Private Flood Insurance Market Development Act of 2017 (2017-07-14)

Cosponsors on this site

Kathy Castor (D-FL), Barry Loudermilk (R-GA), Mario Diaz-Balart (R-FL), Gus M. Bilirakis (R-FL), Ted Budd (R-NC), Brian K. Fitzpatrick (R-PA), Jason Smith (R-MO), James A. Himes (D-CT), Roger Williams (R-TX)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House with amendment(s))
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr1422.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>

Record fed-us-cong115-hr1422 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115