Bill · H.R. 6934· House(119-HR-6934)
National Flood Insurance Program Affordability Act
- Introduced
- 12/30/2025
- Last activity
- 12/30/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Robert Bresnahan
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The National Flood Insurance Program Affordability Act aims to create a means-tested assistance program for those with flood insurance. Under this bill, the FEMA Administrator would establish a system providing graduated discounts on insurance costs for eligible policyholders. Eligibility includes certain people, small businesses, and not-for-profit organizations. The program is funded by an annual $250,000,000 appropriation. The bill also addresses requirements for monthly installment payments for premiums.
Yes· 3 of 7
Would households on low incomes be better off under this?+7
The bill provides financial relief through graduated discounts for households earning up to 120 percent of the area median income.
Does this make it easier to run a small business?+6
The bill provides graduated insurance discounts for small businesses with fewer than 100 employees that meet a hardship metric.
Would business owners be better off under this?+5
Small business owners with fewer than 100 employees can qualify for insurance discounts via a hardship metric.
The opposite
Does this reduce what the federal government spends?-1
The bill increases government spending through a $250,000,000 annual appropriation for insurance discounts.
Who it would affect, and how
Potential Positive Impacts for People
-
Lower Insurance Costs for Individuals: The bill establishes graduated discounts so that a chargeable premium rate for an eligible policyholder does not exceed 1 percent of the area median income (Section 2(b)).
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Support for Small Businesses and Non-Profits: The Administrator is tasked with creating a hardship metric to allow small businesses with no more than 100 employees and not-for-profit organizations to qualify for assistance (Section 2(d) and Section 4(3)).
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Predictable Assistance Funding: The bill provides an annual appropriation of $250,000,000 to carry out the program (Section 2(f)(1)).
Potential Negative Impacts for People
-
Limited Availability of Funds: Assistance may no longer be available once the appropriated amounts for a fiscal year have been fully spent (Section 2(c)).
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Strict Income Requirements for Individuals: To be considered an eligible policyholder, a person's household income must not be more than 120 percent of the area median income for their location (Section 4(3)(A)(ii)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+7Good For Business Owners+5Good For Middle Class Households+4Good For Urban Residents+3
- Economy And Finance
- Improves Small Business Support+6Reduces Government Spending-1
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+5
- Social Issues And Justice
- Improves Poverty Reduction+3
- 12/30/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
Eugene VindmanDemocrat · Virginia