Bills · HR 6934
IN COMMITTEE· 119TH CONGRESS
House BillHR 6934Finance and Financial Sector
National Flood Insurance Program Affordability Act
INTRO DEC 30· LAST ACTION DEC 30
READING
4MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because flood insurance premiums have been rising, making it harder for many people, especially those with limited incomes, to afford coverage. When people can't afford flood insurance, they are left financially vulnerable to devastating floods, which can lead to significant personal and community-wide economic hardship.
If this bill becomes law, it could help keep homes and businesses in flood zones insured, reducing the risk of people losing everything after a flood. It would also likely increase the number of properties covered by flood insurance, providing greater financial stability for homeowners and communities. Without this bill, the trend of increasing flood insurance costs could continue to price out vulnerable populations, leaving more Americans unprotected against one of the most common natural disasters.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a means-tested assistance program to provide graduated discounts on flood insurance premiums for eligible policyholders.
This directly lowers the cost of flood insurance for financially struggling individuals, small businesses, and non-profits, making it more accessible.
PROVISION 02
Caps the chargeable premium rate for eligible policyholders at 1 percent of the area median income.
This sets a clear affordability limit, ensuring that flood insurance costs do not become an overwhelming financial burden for those who qualify.
PROVISION 03
Appropriates $250,000,000 annually to fund the assistance program and requires FEMA to spend at least 95% of these funds each fiscal year.
This ensures dedicated funding is available each year to provide the promised discounts and holds FEMA accountable for its use.
PROVISION 04
Requires FEMA to implement monthly installment premium payments or explain to Congress why it cannot within 180 days.
This makes flood insurance payments more manageable for all policyholders by breaking down large annual costs into smaller, more frequent payments.
PROVISION 05
Defines eligible policyholders to include individuals with household income up to 120% of area median income, and small businesses and non-profits meeting a FEMA-defined hardship metric.
This clarifies who can receive assistance, ensuring that the program targets those most in need of financial help with flood insurance.
SPONSORSHIP
1 + 1
R· Pennsylvania
YRS IN OFFICE
1
BILLS LED
22
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSDEC 30
Introduced in House
DEC 30
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 6934
Congress119th
StatusIn Committee
IntroducedDec 30, 2025
Last actionDec 30, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED DEC 30, 2025
House BillHR 6934Finance and Financial Sector
National Flood Insurance Program Affordability Act
INTRODUCED DEC 30, 2025· LAST ACTION DEC 30, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
1
COMPLEXITY
Moderate
