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U.S. GOVERNMENT
INFORMATION
Gp
115TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 115-211
NATIONAL FLOOD INSURANCE PROGRAM POLICYHOLDER
PROTECTION ACT OF 2017
JULY 11, 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. 2868]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2868) to protect National Flood Insurance Program pol-
icyholders from unreasonable premium rates and to require the
Program to consider the unique characteristics of urban properties,
and for other purposes, having considered the same, report favor-
ably thereon without amendment and recommend that the bill do
pass.
PURPOSE AND SUMMARY
Introduced by Representative Lee Zeldin on June 8, 2017, H.R.
2868, the National Flood Insurance Program Policyholder Protec-
tion Act of 2017, amends the National Flood Insurance Act of 1968
to require a maximum 1-4 residential premium of $10,000 and pro-
vide for mitigation credit for certain mitigation activities unique in
urban areas.
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-
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