MAP Act of 2017

Monitoring America's Premiums Act of 2017 or the MAP Act of 2017

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.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4154 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4154

   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.


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                    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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Monitoring America's Premiums Act of 
2017'' or the ``MAP Act of 2017''.

SEC. 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.''.
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