S. 1313: Flood Insurance Affordability and Sustainability Act of 2017

115th Congress · introduced 2017-06-07 · Finance and Financial Sector · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3337-3338)

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Follow this bill, step by step

Where it came from: introduced 2017-06-07 · official record
Who proposed it: Sen. Cassidy, Bill [R-LA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3337-3338) 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

Flood Insurance Affordability and Sustainability Act of 2017

Plain summary

Flood Insurance Affordability and Sustainability Act of 2017 This bill amends the National Flood Insurance Act of 1968 to extend the National Flood Insurance Program (NFIP) through FY2027 (currently, certain provisions expire FY2017). The Federal Emergency Management Agency (FEMA) is directed to base the coverage limit of flood insurance obtained through NFIP on the maximum confirmation loan limit determined by the Federal National Mortgage Association (Fannie Mae). Under current law, coverage is limited to $250,000 for residential dwellings and $500,000 for nonresidential buildings. The Increased Cost of Compliance (ICC) coverage limitation is increased to $75,000 (currently $30,000). ICC coverage is offered by NFIP to cover the cost of flood mitigation measures on certain structures. The bill also directs FEMA to: annually transfer a portion of the risk from NFIP to private reinsurance or capital markets, promulgate regulations for disclosure of flood risks on sale property, offer a rate reduction if NFIP policyholders implement specified mitigation methods, use the replacement cost of a structure when calculating risk premium rate, and establish a risk sharing pilot program whereby “Write Your Own” companies (property and casualty companies that write and service standard flood insurance policies in their own name) insure properties up to at least $50,000 and NFIP issues policies in excess of that coverage limit. Agreed Value Flood Protection Program Act of 2017 FEMA must establish an Agreed Value Flood Protection Pilot Program that bases policy payouts on flood height reached in participating covered structures. “Write Your Own” companies are authorized to offer private flood insurance to specified properties under a two-year pilot program. This bill amends the Biggert-Waters Flood Insurance Reform Act of 2012 to reauthorize the National Flood Mapping Program through 2027.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Flood Insurance Affordability and Sustainability Act of 2017

Source: Congressional Research Service summary (Introduced in Senate)

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

Officials and money

Sponsor: Sen. Cassidy, Bill [R-LA] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Kirsten E. Gillibrand (D-NY), Shelley Moore Capito (R-WV), John Kennedy (R-LA)

Sponsor's campaign money: Sen. Cassidy, Bill [R-LA] reported raising $6.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

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 (3)

Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
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 (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s1313.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>

Record fed-us-cong115-s1313 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115