Bill · H.R. 7355· House(119-HR-7355)
Flood History Information Act of 2026
- Introduced
- 2/4/2026
- Last activity
- 2/4/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Madeleine Dean
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Flood History Information Act of 2026 aims to improve the disclosure and sharing of flood insurance policy and claims information. It establishes a Data Exchange Program where the Administrator can share specific property data with insurance companies that enter into data sharing agreements. These companies may use the data for underwriting, setting premium rates, and adjusting claims, but cannot use it for marketing. Additionally, the bill allows property purchasers, lessees, or current owners to request specific flood risk information regarding their property. This information includes claim history, dollar values, and potential mandatory purchase requirements.
Yes· 3 of 7
Does this give people more protection from unfair business practices?+6
The bill enhances consumer protection by allowing property purchasers and owners to access specific flood risk and claim history data before transactions.
Does this make what the government does easier for the public to see?+5
The bill increases transparency by providing a mechanism for citizens to access specific insurance and claim data held by the Administrator.
Would middle-income households be better off under this?+3
The bill provides middle-class property owners and purchasers with better information regarding the true financial risk of flood damage.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased transparency for property transactions: Under Section 2(c), property purchasers, lessees, or current owners can request information regarding the number and dollar value of claims filed for a property. This allows individuals to understand the true flood risk before buying or leasing a property.
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Clearer understanding of insurance requirements: Section 2(c)(2) allows individuals to receive information on whether they may be required to purchase flood insurance due to previous receipt of Federal disaster assistance.
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Improved insurance data accuracy: Section 2(b)(3)(A)(i) allows insurance companies to use shared data for the purposes of underwriting, establishing premium rates, and adjusting claims, which helps in accurately managing insurance risks.
Potential Negative Impacts for People
-
Potential for increased insurance costs: According to Section 2(b)(3)(A)(i), insurance companies can use the shared data for the purpose of "establishing premium rates," which could lead to changes in how much individuals pay for coverage.
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Costs to insurance companies: Under Section 2(e)(1), the Administrator may charge a fee to participating insurance companies to carry out the data exchange program.
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 Middle Class Households+3Good For Low Income Households+2Good For Urban Residents+2
- Economy And Finance
- Improves Consumer Protection+6
- Governance And Ideology
- Improves Government Transparency+5
- Environment Energy And Infrastructure
- Improves Public Land Management+2
- Social Issues And Justice
- Improves Affordable Housing+2
- 2/4/2026
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
Andrew GarbarinoRepublican · New York