In CommitteeFiled May 29, 2026
Sponsor: Rep. Garbarino, Andrew R. [R-NY-2] (R)
Latest Action
Referred to the House Committee on Financial Services.
May 29, 2026
Summary
The bill permits states and local communities to spend up to 15% of their Flood Mitigation Assistance grant each year for five years on premiums for private, trigger‑based flood insurance policies. It also requires FEMA to run outreach, provide clear disclosures about how the policies work, and report to Congress on their impact. The aim is to increase flood‑insurance coverage and cut reliance on post‑disaster federal aid.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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