MAP Act of 2017

Bill: 115-hr-4154
Sponsor: full_name: Rep. Donovan, Daniel M., Jr. [R-NY-11]
Introduced: 2017-10-26
Policy area: Finance and Financial Sector
Subjects: Disaster relief and insurance

Floods and storm protection

Government information and archives
Latest action: action_date: 2017-10-26
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2017-10-26
action_desc: Introduced in House
text: <p><b>Monitoring America's Premiums Act of 2017 or the MAP Act of 2017</b></p> <p>This bill amends the National Flood Insurance Act of 1968 to suspend annual mandatory flood insurance premium increases for a property in a special flood hazard area during any period the Federal Emergency Management Agency (FEMA) is revising or updating the flood insurance rate map for that property.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4154 IN THE HOUSE OF REPRESENTATIVES October 26, 2017 Mr. Donovan introduced the following bill; which was referred to the Committee on Financial Services A BILL To delay any increase in flood insurance premium rates under the National Flood Insurance Program on properties located in flood hazard areas during any re-mapping of such areas by the Federal Emergency Management Agency, and for other purposes.

1. Short title This Act may be cited as the Monitoring America’s Premiums Act of 2017 or the MAP Act of 2017 . 2. Delay in premium increases during mapping Subsection (e) of section 1308 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4015(i) ) is amended— (1) in paragraph (3), by striking and at the end; (2) in paragraph (4), by striking the period at the end and inserting ; and ; and (3) by adding at the end the following new paragraph: (5) in the case of any property that is located in an area having special flood hazards and for which the Administrator has commenced the process for any revision, updating, or other change in the flood insurance rate map for the property, any annual period during which premium rate increases would otherwise apply to such property under this title shall be tolled, and such increases suspended, during the period that begins upon the commencement of such process and ends upon the map becoming final. .