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H.R. 8761House116th Congress (2019-2021)In Committee

Flood Protection Modernization Fairness Act of 2020

Sponsored by Greg GianforteRep. Greg Gianforte (R-MT)
Introduced November 17, 2020

AI-Generated Summary

Updated April 14, 2026 at 3:52 PM UTC

The Flood Protection Modernization Fairness Act of 2020 aims to lower flood‑insurance costs for certain homeowners. It applies to properties located in areas where a flood‑control project has received non‑federal assistance but is not yet finished. For a ten‑year period after the law takes effect, those properties must be charged the preferred‑risk premium rate under the National Flood Insurance Program. This change primarily affects property owners in partially completed, small‑scale flood‑control projects.

Key Provisions

  • Sets the flood‑insurance premium for eligible properties to the preferred‑risk rate for ten years after enactment.
  • Applies to properties in areas where a flood‑control project has non‑federal assistance but is not completed, regardless of existing statutory premium rules.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

November 17, 2020

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HouseIntro Referral

Introduced in House

November 17, 2020

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

November 17, 2020

Bill Text

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Introduced in HouseIssued November 17, 2020

I

116th CONGRESS

2d Session

H. R. 8761

IN THE HOUSE OF REPRESENTATIVES

November 17, 2020

Mr. Gianforte introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To reduce premiums under the National Flood Insurance Program for certain properties, and for other purposes.

1.

Short title

This Act may be cited as the Flood Protection Modernization Fairness Act of 2020.

2.

Flood insurance premium rates for areas with small flood control projects

Notwithstanding section 1308(e) of the National Flood Insurance Act of 1968 (42 U.S.C. 4015(e)) or any other provision of law, during the 10-year period beginning on the date of the enactment of this Act, in the case of any property located in an area for which protection is to be provided by a project with respect to which a non-Federal interest has requested assistance pursuant to section 205 of the Flood Control Act of 1948 (33 U.S.C. 701s) but which has not been completed, the premium rate for flood insurance coverage made available under the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.) shall be the preferred risk premium rate for such property.