NFIP Premium Transparency 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 NFIP Premium Transparency Act (H.R. 9726) is a bill introduced in the 118th Congress aimed at increasing transparency regarding premiums under the National Flood Insurance Program (NFIP). While the official summary and full text are not available, the bill's title and policy area suggest it focuses on making information about NFIP premiums more accessible or clear to stakeholders. The bill was referred to the House Committee on Financial Services but did not advance further and is currently classified as failed or expired.
H.R. 9726 sought to enhance transparency of flood insurance premiums under the NFIP but did not progress beyond committee referral in the 118th Congress.
- The bill pertains to the National Flood Insurance Program and its premium structure.
- It was introduced in the House and referred to the House Committee on Financial Services on September 20, 2024.
- The bill did not advance and is listed as failed or expired with no available full text or official summary.
['Policyholders and potential buyers of flood insurance under the NFIP who may gain clearer information about premiums.', 'The Federal Emergency Management Agency (FEMA), which administers the NFIP, through potentially improved transparency and communication.', 'Financial services stakeholders involved in flood insurance markets.']
['Lack of available full bill text and official summary limits understanding of specific provisions and implementation requirements.', 'Potential administrative or compliance costs for FEMA or insurers to provide enhanced premium transparency.', 'Unclear enforcement mechanisms or oversight provisions due to missing detailed legislative language.']
The bill was introduced during the 118th Congress and referred to the House Committee on Financial Services. It addresses issues within the finance and financial sector policy area, specifically related to flood insurance premiums under the NFIP. The bill did not advance beyond committee referral and is now considered failed or expired.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Improved transparency could lead to increased public understanding of flood insurance costs, potentially influencing market behavior or policyholder decisions.', 'Administrative adjustments by FEMA or insurers to comply with transparency requirements might affect operational processes or resource allocation.']
The absence of a full bill text and official summary significantly limits transparency and oversight capabilities for this legislation. Stakeholders and analysts are unable to fully evaluate the bill's provisions, potential costs, or enforcement mechanisms. This lack of detailed information is a critical consideration for government transparency and informed public discourse.
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