A bill to ensure that holders of flood insurance policies under the National Flood Insurance Program do not receive premium refunds for coverage of second homes.

Bill: 113-s-2137
Sponsor: full_name: Sen. Lee, Mike [R-UT]
Introduced: 2014-03-13
Policy area: Emergency Management
Subjects: Disaster relief and insurance

Floods and storm protection

Housing finance and home ownership
Latest action: action_date: 2014-03-13
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2014-03-13
action_desc: Introduced in Senate
text: <p>Prohibits the Administrator of the Federal Emergency Management Agency (FEMA) from refunding any flood insurance premium collected in excess of the rates required by the Homeowner Flood Insurance Affordability Act of 2014 if the residential property covered is not an individual's primary residence.</p>

action_date: 2014-03-13
action_desc: Passed Senate without amendment
text: <p><b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b></p> <p>Prohibits the Administrator of the Federal Emergency Management Agency (FEMA) from refunding any flood insurance premium collected in excess of mandatory rates cited in the Homeowner Flood Insurance Affordability Act of 2014, if the premium refund is for flood insurance coverage for a residential property that is not the primary residence of an individual. </p>

tv_txt: II 113th CONGRESS 2d Session S. 2137 IN THE SENATE OF THE UNITED STATES March 13, 2014 Mr. Lee introduced the following bill; which was read twice, considered, read the third time, and passed A BILL To ensure that holders of flood insurance policies under the National Flood Insurance Program do not receive premium refunds for coverage of second homes.

1. No refunds under National Flood Insurance Program for coverage of second homes (a) Definition In this section, the term National Flood Insurance Program means the program established under the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.). (b) No refunds for coverage of second homes Notwithstanding section 3(a)(4) of the Homeowner Flood Insurance Affordability Act of 2014 or any other provision of law, in the case of flood insurance coverage under the National Flood Insurance Program for a residential property that is not the primary residence of an individual (as that term is used in section 1307(a)(2)(A) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(a)(2)(A))), the Administrator of the Federal Emergency Management Agency may not refund any premium for such coverage collected in excess of the rates required under the provisions of, and amendments made by, section 3 of the Homeowner Flood Insurance Affordability Act of 2014.

tv_txt: 113th CONGRESS 2d Session S. 2137 IN THE SENATE OF THE UNITED STATES AN ACT To ensure that holders of flood insurance policies under the National Flood Insurance Program do not receive premium refunds for coverage of second homes.

1. No refunds under National Flood Insurance Program for coverage of second homes (a) Definition In this section, the term National Flood Insurance Program means the program established under the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.). (b) No refunds for coverage of second homes Notwithstanding section 3(a)(4) of the Homeowner Flood Insurance Affordability Act of 2014 or any other provision of law, in the case of flood insurance coverage under the National Flood Insurance Program for a residential property that is not the primary residence of an individual (as that term is used in section 1307(a)(2)(A) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(a)(2)(A))), the Administrator of the Federal Emergency Management Agency may not refund any premium for such coverage collected in excess of the rates required under the provisions of, and amendments made by, section 3 of the Homeowner Flood Insurance Affordability Act of 2014.

Passed the Senate March 13, 2014. Secretary

tv_txt: IC 113th CONGRESS 2d Session S. 2137 IN THE HOUSE OF REPRESENTATIVES March 13, 2014 Referred to the Committee on Financial Services AN ACT To ensure that holders of flood insurance policies under the National Flood Insurance Program do not receive premium refunds for coverage of second homes.

1. No refunds under National Flood Insurance Program for coverage of second homes (a) Definition In this section, the term National Flood Insurance Program means the program established under the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.). (b) No refunds for coverage of second homes Notwithstanding section 3(a)(4) of the Homeowner Flood Insurance Affordability Act of 2014 or any other provision of law, in the case of flood insurance coverage under the National Flood Insurance Program for a residential property that is not the primary residence of an individual (as that term is used in section 1307(a)(2)(A) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(a)(2)(A))), the Administrator of the Federal Emergency Management Agency may not refund any premium for such coverage collected in excess of the rates required under the provisions of, and amendments made by, section 3 of the Homeowner Flood Insurance Affordability Act of 2014.

Passed the Senate March 13, 2014. Nancy Erickson, Secretary