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   &lt;pre&gt;[Congressional Record Volume 167, Number 88 (Thursday, May 20, 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. LUETKEMEYER:H.R. 3417.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests isthe explicit power of Congress to regulate commerce in andamong the states, as enumerate in Article 1, Section 8,Clause 3, the Commerce Clause, of the United StatesConstitution. Additionally, Article 1, Section 7, Clause 2 ofthe Constitution allows for every bill passed by the House ofRepresentatives and the Senate and signed by the President tobe codified into law; and therefore implicitly allowsCongress to repeal any bill that has been passed by bothchambers and signed into law by the President.[Page H2653]&lt;/pre&gt;
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     &lt;p&gt;&lt;b&gt;Taxpayer Exposure Mitigation Act &lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.&lt;/p&gt;
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     To provide for greater transfer of risk under the National Flood Insurance Program to private capital and reinsurance markets, and for other purposes.
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H11100
2021-05-20
Financial Services Committee
hsba00
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House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-05-20
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Library of Congress
Introduced in House
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2021-05-20
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Library of Congress
Introduced in House
IntroReferral
2021-05-20T13:11:00Z
Referred to
House
Financial Services Committee
hsba00
Standing
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.
2021-05-20
2021-05-20
Referred to the House Committee on Financial Services.
House
Finance and Financial Sector
L000569
3
Blaine
Rep. Luetkemeyer, Blaine [R-MO-3]
N
Luetkemeyer
R
MO
2021-05-20
Introduced in House
 <p><b>Taxpayer Exposure Mitigation Act </b></p> <p>This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.</p>
2021-07-23T19:10:57Z
00
2021-05-20T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3417ih/xml/BILLS-117hr3417ih.xml
Taxpayer Exposure Mitigation Act
Taxpayer Exposure Mitigation Act
Display Title
IH
Introduced in House
To provide for greater transfer of risk under the National Flood Insurance Program to private capital and reinsurance markets, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Taxpayer Exposure Mitigation Act
Short Title(s) as Introduced
HR
2023-01-11T13:49:38Z
2023-01-11T13:49:38Z
3.0.0
H11100
2021-05-20
Financial Services Committee
hsba00
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Referred to the House Committee on Financial Services.
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2021-05-20
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Introduced in House
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1000
2021-05-20
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Library of Congress
Introduced in House
IntroReferral
L000569
3
Blaine
Rep. Luetkemeyer, Blaine [R-MO-3]
N
Luetkemeyer
R
MO
2021-05-20
Introduced in House
 <p><b>Taxpayer Exposure Mitigation Act </b></p> <p>This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.</p>
2021-07-23T19:10:57Z
00
Taxpayer Exposure Mitigation Act
Taxpayer Exposure Mitigation Act
Display Title
IH
Introduced in House
To provide for greater transfer of risk under the National Flood Insurance Program to private capital and reinsurance markets, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Taxpayer Exposure Mitigation Act
Short Title(s) as Introduced
2021-05-20
Referred to the House Committee on Financial Services.