Community Flood Coverage Savings Act
Latest Action
Referred to the House Committee on Financial Services.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Community Flood Coverage Savings Act (H.R. 9414) is a bill introduced in the 118th Congress aimed at addressing issues related to flood insurance coverage and savings for communities. The bill was referred to the House Committee on Financial Services on August 27, 2024. However, the bill did not advance further and is currently classified as failed or expired. There is no official summary or full text available for detailed provisions, limiting the ability to provide a comprehensive analysis of its content or specific mechanisms.
H.R. 9414 sought to impact community flood insurance coverage and savings but did not progress beyond committee referral and is now expired, with limited public information on its provisions.
- The bill was introduced in the House during the 118th Congress and referred to the House Committee on Financial Services.
- No official summary or full text is publicly available, restricting detailed understanding of the bill's provisions.
- The bill is currently classified as failed or expired, indicating it did not pass into law.
['Potentially communities vulnerable to flooding', 'Homeowners and property owners in flood-prone areas', 'Financial institutions and insurers involved in flood coverage']
['Lack of publicly available full text and summary limits transparency and understanding of implementation details.', 'Unclear funding mechanisms or authority provisions due to missing bill text.', 'Potential oversight and enforcement frameworks cannot be assessed without detailed provisions.']
The bill was introduced and referred to the House Committee on Financial Services during the 118th Congress but did not advance beyond that stage. The lack of further legislative action and its failed/expired status indicate it did not gain sufficient traction or priority within the legislative process. The policy area is identified as Finance and Financial Sector, suggesting a focus on financial mechanisms related to flood insurance.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['If enacted, the bill could have influenced flood insurance markets and community financial resilience to flooding.', 'Potential changes in insurance coverage or savings mechanisms might affect property values and local economies in flood-prone areas.']
The absence of an official summary and full bill text significantly limits transparency and public oversight. This lack of information restricts the ability of stakeholders to fully understand the bill's provisions, assess policy tradeoffs, or monitor implementation. The bill's failure to advance past committee referral further reduces opportunities for legislative scrutiny or amendment.
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