Proposal:State Flood Mitigation Revolving Fund Act of 2019

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 1610
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

State Flood Mitigation Revolving Fund Act of 2019

This bill permits the Federal Emergency Management Agency (FEMA) to provide capitalization grants to states. These grants must establish revolving funds to address flood risks. Revolving funds may be used to provide (1) financial assistance to participants in the National Flood Insurance Program, including homeowners, businesses, nonprofit organizations, and local governments; or (2) support for leveraged loans or state bonds. Financial assistance may be used for elevation projects, flood-proofing activities, relocation or removal of buildings, environmental restoration, acquiring property, obtaining protective easements, and other activities identified by FEMA.

States must annually submit to FEMA a plan that identifies the intended uses of the state loan fund.

States may provide additional subsidies to low-income homeowners and recipients of financial assistance in low-income areas.

Bill Title

State Flood Mitigation Revolving Fund Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-03-07: Referred to the House Committee on Financial Services.
• 2019-03-07: Introduced in House
• 2019-03-07: Introduced in House

Projected Outcome

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