http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/history/110_HR_1682.html?rev=6601 <p>H.R. 1682 would restore the financial solvency of the national flood insurance program.</p> <h2 id="toc0"> Detailed Summary </h2> <p>Flood Insurance Reform and Modernization Act of 2007 - Instructs the Comptroller General to study and report to Congress on: (1) the status of the national flood insurance program for specified pre-FIRM properties (containing a structure neither constructed nor substantially improved after the later of December 31, 1974, or the effective date of the initial rate map published by the Director of the Federal Emergency Management Agency (FEMA) under the National Flood Insurance Act of 1968 (NFIA) for the pertinent area); (2) the extension of mandatory flood insurance coverage purchase requirements to properties located in any area that would be designated as having special flood hazards but for the existence of a structural flood protection system; and (3) the mandatory purchase requirement in connection with non-federally related loans.</p> <p>Amends the NFIA to include nonresidential properties and nonprimary residences within the guidelines for actuarial rate properties.</p> <p>Amends the Flood Disaster Protection Act of 1973 to increase civil monetary penalties.</p> <p>Amends the NFIA to: (1) increase flood insurance coverage for residential property; (2) provide coverage for necessary increases in living expenses, basement improvements, business interruption, and replacement cost of contents; (3) provide for notification to tenants of the availability of contents insurance; and (4) increase borrowing authority for the flood insurance program.</p> <p>Requires FEMA, upon request, to participate in state disaster claims mediation programs.</p> <p>Authorizes grants for outreach to property owners and renters to encourage purchase of flood insurance protection.</p> <p>Extends funding through FY2011 for the pilot program for mitigation of severe repetitive loss properties.</p> <p>Includes demolition and rebuilding activities within the flood mitigation assistance program.</p> <p>Amends the Real Estate Settlement Procedures Act of 1974 to require good faith estimates to state that flood insurance coverage for residential real estate is generally available, whether or not the real estate is located in an area having special flood hazards.</p> <p>Instructs the FEMA Director to: (1) establish a decisions appeals process for flood insurance policyholders; (2) establish a program to review, update, and maintain flood insurance program maps; and (3) clarify the applicability of replacement cost coverage.</p> <p>Reestablishes the Technical Mapping Advisory Council.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc1"> Status of the Legislation </h2> <p>Latest Major Action: 6/12/2007: House committee/subcommittee actions. Status: Subcommittee Hearings Held.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc2"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc3"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 6601@http://www.washingtonwatch.com Thu, 02 Aug 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_HR_1682.html?rev=865 <p>H.R. 1682 would restore the financial solvency of the national flood insurance program.</p> <h2 id="toc4"> Detailed Summary </h2> <p>Flood Insurance Reform and Modernization Act of 2007 - Instructs the Comptroller General to study and report to Congress on: (1) the status of the national flood insurance program for specified pre-FIRM properties (containing a structure neither constructed nor substantially improved after the later of December 31, 1974, or the effective date of the initial rate map published by the Director of the Federal Emergency Management Agency (FEMA) under the National Flood Insurance Act of 1968 (NFIA) for the pertinent area); (2) the extension of mandatory flood insurance coverage purchase requirements to properties located in any area that would be designated as having special flood hazards but for the existence of a structural flood protection system; and (3) the mandatory purchase requirement in connection with non-federally related loans.</p> <p>Amends the NFIA to include nonresidential properties and nonprimary residences within the guidelines for actuarial rate properties.</p> <p>Amends the Flood Disaster Protection Act of 1973 to increase civil monetary penalties.</p> <p>Amends the NFIA to: (1) increase flood insurance coverage for residential property; (2) provide coverage for necessary increases in living expenses, basement improvements, business interruption, and replacement cost of contents; (3) provide for notification to tenants of the availability of contents insurance; and (4) increase borrowing authority for the flood insurance program.</p> <p>Requires FEMA, upon request, to participate in state disaster claims mediation programs.</p> <p>Authorizes grants for outreach to property owners and renters to encourage purchase of flood insurance protection.</p> <p>Extends funding through FY2011 for the pilot program for mitigation of severe repetitive loss properties.</p> <p>Includes demolition and rebuilding activities within the flood mitigation assistance program.</p> <p>Amends the Real Estate Settlement Procedures Act of 1974 to require good faith estimates to state that flood insurance coverage for residential real estate is generally available, whether or not the real estate is located in an area having special flood hazards.</p> <p>Instructs the FEMA Director to: (1) establish a decisions appeals process for flood insurance policyholders; (2) establish a program to review, update, and maintain flood insurance program maps; and (3) clarify the applicability of replacement cost coverage.</p> <p>Reestablishes the Technical Mapping Advisory Council.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc5"> Status of the Legislation </h2> <p>Latest Major Action: 6/7/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Housing and Community Opportunity.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc6"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc7"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 865@http://www.washingtonwatch.com Thu, 14 Jun 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_HR_1682.html?rev=866 <p>H.R. 1682 would restore the financial solvency of the national flood insurance program.</p> <h2 id="toc8"> Detailed Summary </h2> <p>Flood Insurance Reform and Modernization Act of 2007 - Instructs the Comptroller General to study and report to Congress on: (1) the status of the national flood insurance program for specified pre-FIRM properties (containing a structure neither constructed nor substantially improved after the later of December 31, 1974, or the effective date of the initial rate map published by the Director of the Federal Emergency Management Agency (FEMA) under the National Flood Insurance Act of 1968 (NFIA) for the pertinent area); (2) the extension of mandatory flood insurance coverage purchase requirements to properties located in any area that would be designated as having special flood hazards but for the existence of a structural flood protection system; and (3) the mandatory purchase requirement in connection with non-federally related loans.</p> <p>Amends the NFIA to include nonresidential properties and nonprimary residences within the guidelines for actuarial rate properties.</p> <p>Amends the Flood Disaster Protection Act of 1973 to increase civil monetary penalties.</p> <p>Amends the NFIA to: (1) increase flood insurance coverage for residential property; (2) provide coverage for necessary increases in living expenses, basement improvements, business interruption, and replacement cost of contents; (3) provide for notification to tenants of the availability of contents insurance; and (4) increase borrowing authority for the flood insurance program.</p> <p>Requires FEMA, upon request, to participate in state disaster claims mediation programs.</p> <p>Authorizes grants for outreach to property owners and renters to encourage purchase of flood insurance protection.</p> <p>Extends funding through FY2011 for the pilot program for mitigation of severe repetitive loss properties.</p> <p>Includes demolition and rebuilding activities within the flood mitigation assistance program.</p> <p>Amends the Real Estate Settlement Procedures Act of 1974 to require good faith estimates to state that flood insurance coverage for residential real estate is generally available, whether or not the real estate is located in an area having special flood hazards.</p> <p>Instructs the FEMA Director to: (1) establish a decisions appeals process for flood insurance policyholders; (2) establish a program to review, update, and maintain flood insurance program maps; and (3) clarify the applicability of replacement cost coverage.</p> <p>Reestablishes the Technical Mapping Advisory Council.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc9"> Status of the Legislation </h2> <p>Latest Major Action: 6/12/2007: House committee/subcommittee actions. Status: Subcommittee Hearings Held.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc10"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc11"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 866@http://www.washingtonwatch.com Thu, 14 Jun 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_1682.html 6/12/2007: House committee/subcommittee actions. Status: Subcommittee Hearings Held. 22210@http://www.washingtonwatch.com Tue, 12 Jun 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_1682.html 6/7/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Housing and Community Opportunity. 19273@http://www.washingtonwatch.com Thu, 07 Jun 2007 00:00:00 EDT