Proposal:Taxpayer Exposure Mitigation Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 471
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

Taxpayer Exposure Mitigation Act

This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.

Bill Title

Taxpayer Exposure Mitigation Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-01-10: Referred to the House Committee on Financial Services.
• 2019-01-10: Introduced in House
• 2019-01-10: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.