National Flood Insurance Program Affordability Act

# National Flood Insurance Program Affordability Act (HR 6934) Summary **What the Bill Would Do** This bill aims to address affordability issues within the National Flood Insurance Program (NFIP), which is a federal program that provides flood insurance to property owners in flood-prone areas. While specific details aren't available in the basic bill information provided, the bill's title and sponsorship suggest it would seek to make flood insurance premiums more affordable for homeowners and property owners who currently carry or need NFIP coverage. **Who It Affects and Current Status** The bill would primarily affect homeowners and property owners in flood-prone areas who rely on federal flood insurance, particularly those in Pennsylvania (the sponsor's home state) and other states with significant flood risk. It could also impact mortgage lenders, as federal law requires flood insurance for properties in high-risk flood zones with federally-backed mortgages.

As of now, the bill remains in committee and has not advanced to a full congressional vote. **Note:** For detailed provisions of this bill, you would need to consult Congress.gov or the full bill text, as the summary information provided is limited. The specific mechanisms the bill proposes to improve affordability—such as premium adjustments, subsidy changes, or program reforms—are not detailed in the basic legislative information available.