01 — The Text
What.
- Bill requires the National Flood Insurance Program (NFIP) to disclose how premiums are calculated and what factors affect rates.
- Aims to give homeowners transparent breakdown of costs before purchase.
- Detailed policy summary unavailable — bill just introduced, awaiting committee review.
02 — The Stakes
So what?
- Homeowners gain clarity on what they're paying for in federal flood insurance policies.
- NFIP must explain rating methodology currently treated as opaque to customers.
- Affects roughly 5 million NFIP policyholders who may not understand rate structures.
03 — The Path
Now what?
- Bill introduced June 29, 2026; referred to House Financial Services Committee. Committee review is next step.
- Only 3 cosponsors at this early stage suggests limited immediate momentum.
- Monitor House Financial Services Committee schedule or contact your representative to voice support or opposition.
Legislative History
Actions.
- Jun 29, 2026 — Referred to the House Committee on Financial Services.
- Jun 29, 2026 — Introduced in House
- Jun 29, 2026 — Introduced in House