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   &lt;pre&gt;[Congressional Record Volume 167, Number 66 (Friday, April 16, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. PETERS:H.R. 2632.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H1891]&lt;/pre&gt;
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     &lt;p&gt;&lt;b&gt;Build for Future Disasters Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill eliminates certain National Flood Insurance Program (NFIP) rate subsidies for newly constructed property. Specifically, the chargeable rate for NFIP coverage of newly constructed property and any substantial improvements of property started on or after January 1, 2025, must not be not less than the estimated risk premium rate. &lt;/p&gt; &lt;p&gt;The Government Accountability Office must report on the feasibility and effects of (1) eliminating by January 1, 2027, all subsidies that reduce premiums for NFIP coverage to amounts below those necessary to operate to program without a deficit, and (2) prohibiting these subsidies unless flood mitigation activities have been completed on a property. &lt;/p&gt;
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   Build for Future Disasters Act of 2021
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     Build for Future Disasters Act of 2021
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     To eliminate any subsidies for flood insurance coverage under the National Flood Insurance Program for new construction, and for other purposes.
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-04-16
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-04-16
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-16
9
Library of Congress
Introduced in House
IntroReferral
2021-04-16T13:00:10Z
Referred to
House
Financial Services Committee
hsba00
Standing
B001282
6
Andy
Rep. Barr, Andy [R-KY-6]
Barr
R
2021-04-16
KY
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-04-16
2021-04-16
Referred to the House Committee on Financial Services.
House
Finance and Financial Sector
P000608
52
Scott
Rep. Peters, Scott H. [D-CA-52]
N
Peters
H.
D
CA
Building construction Floods and storm protection Government Accountability Office (GAO) Government information and archives Government studies and investigations Life, casualty, property insurance
2021-04-16
Introduced in House
 <p><b>Build for Future Disasters Act of 2021</b></p> <p>This bill eliminates certain National Flood Insurance Program (NFIP) rate subsidies for newly constructed property. Specifically, the chargeable rate for NFIP coverage of newly constructed property and any substantial improvements of property started on or after January 1, 2025, must not be not less than the estimated risk premium rate. </p> <p>The Government Accountability Office must report on the feasibility and effects of (1) eliminating by January 1, 2027, all subsidies that reduce premiums for NFIP coverage to amounts below those necessary to operate to program without a deficit, and (2) prohibiting these subsidies unless flood mitigation activities have been completed on a property. </p>
2021-07-08T18:54:36Z
00
2021-04-16T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2632ih/xml/BILLS-117hr2632ih.xml
Build for Future Disasters Act of 2021
Build for Future Disasters Act of 2021
Display Title
IH
Introduced in House
To eliminate any subsidies for flood insurance coverage under the National Flood Insurance Program for new construction, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Build for Future Disasters Act of 2021
Short Title(s) as Introduced
HR
2023-01-11T13:48:43Z
2023-01-11T13:48:43Z
3.0.0
H11100
2021-04-16
Financial Services Committee
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Referred to the House Committee on Financial Services.
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Rep. Barr, Andy [R-KY-6]
Barr
R
2021-04-16
KY
Building construction Floods and storm protection Government Accountability Office (GAO) Government information and archives Government studies and investigations Life, casualty, property insurance
2021-04-16
Introduced in House
 <p><b>Build for Future Disasters Act of 2021</b></p> <p>This bill eliminates certain National Flood Insurance Program (NFIP) rate subsidies for newly constructed property. Specifically, the chargeable rate for NFIP coverage of newly constructed property and any substantial improvements of property started on or after January 1, 2025, must not be not less than the estimated risk premium rate. </p> <p>The Government Accountability Office must report on the feasibility and effects of (1) eliminating by January 1, 2027, all subsidies that reduce premiums for NFIP coverage to amounts below those necessary to operate to program without a deficit, and (2) prohibiting these subsidies unless flood mitigation activities have been completed on a property. </p>
2021-07-08T18:54:36Z
00
Build for Future Disasters Act of 2021
Build for Future Disasters Act of 2021
Display Title
IH
Introduced in House
To eliminate any subsidies for flood insurance coverage under the National Flood Insurance Program for new construction, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Build for Future Disasters Act of 2021
Short Title(s) as Introduced
2021-04-16
Referred to the House Committee on Financial Services.