Rep. Luna Introduces Flood Insurance Affordability Act

WASHINGTON, Aug. 15 -- Rep. Anna P. Luna, R-Fla., introduced the "Flood Insurance Affordability Act" on July 17, 2023. The text of the bill was released on Aug. 14.

H.R. 4686. A bill to establish a grace period for nonpayment of premiums for flood insurance coverage under the national flood insurance program until the Administrator of the Federal Emergency Management Agency implements the option for monthly payment of such premiums, and for other purposes; to the Committee on Financial Services.

The bill is cosponsored by Reps. Gus Bilirakis, R-Fla., Vern Buchanan, R-Fla., Maria Elvira Salazar, R-Fla., Matt Gaetz, R-Fla., Cory Mills, R-Fla., Neal P. Dunn, R-Fla., Daniel Webster, R-Fla., Mary E. Miller, R-Ill., Randy Weber, R-Texas, Byron Donalds, R-Fla., Aaron Bean, R-Fla., and Bill Posey, R-Fla.

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SECTION 1. Short title.

This Act may be cited as the "Flood Insurance Affordability Act".

SEC. 2. Grace period for flood insurance coverage.

SEC. 3. Prohibition on fees associated with monthly payments.

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