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U.S. GOVERNMENT
INFORMATION
Gp
115TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 115-233
NATIONAL FLOOD INSURANCE PROGRAM
ADMINISTRATIVE REFORM ACT OF 2017
JULY 18, 2017.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 2875]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2875) to make administrative reforms to the National
Flood Insurance Program to increase fairness and accuracy and
protect the taxpayer from program fraud and abuse, and for other
purposes, having considered the same, report favorably thereon
without amendment and recommend that the bill do pass.
PURPOSE AND SUMMARY
Introduced by Representative Nydia Velazquez on June 12, 2017,
H.R. 2875, the National Flood Insurance Program Administrative
Reform Act of 2017, makes administrative reforms to the National
Flood Insurance Program to increase fairness and accuracy and
protect the taxpayer from program fraud and abuse.
BACKGROUND AND NEED FOR LEGISLATION
GENERAL OVERVIEW
Floods are among the most frequently occurring and costly nat-
ural disasters. Most declarations of federal disasters by the Federal
Emergency Management Agency (FEMA) are related to flooding.
Yet despite the frequency and severity of losses that result from
flooding, the private insurance market generally did not provide in-
surance for flooding; when it did, insurance for flood-related dam-
age can be expensive because the properties most at-risk tend to
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