# 116-hr-8616: Build for Future Disasters Act of 2020

116-hr-8616, Build for Future Disasters Act of 2020, is a 116th Congress bill sponsored by Rep. Peters, Scott H. [D-CA-50] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8616
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8616
- Congress: 116
- Title: Build for Future Disasters Act of 2020
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-10-16
- Sponsor: Rep. Peters, Scott H. [D-CA-50] (D-CA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Build for Future Disasters Act of 2020 This bill eliminates certain National Flood Insurance Program (NFIP) rate subsidies for newly constructed property. Specifically, the chargeable rate for NFIP coverage of newly constructed property and any substantial improvements of property started on or after January 1, 2025, must not be not less than the estimated risk premium rate. The Government Accountability Office must report on the feasibility and effects of (1) eliminating by January 1, 2027, all subsidies that reduce premiums for NFIP coverage to amounts below those necessary to operate to program without a deficit, and (2) prohibiting these subsidies unless flood mitigation activities have been completed on a property.

## Cosponsors (1)

- Rep. Barr, Andy [R-KY-6] (R-KY), 2020-10-16T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8254: BETTER Kidney Care Act
- 116-hr-6957: National Guard COVID–19 Earned Benefits Guarantee Act
- 116-hr-6697: Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020
- 116-hr-6322: Student Veteran Coronavirus Response Act of 2020
- 116-hr-5434: RPM Act of 2019

## Sources
- [116-hr-8616 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8616)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8254: BETTER Kidney Care Act](https://policyrisk.com/legislation/116-hr-8254)
- [116-hr-6957: National Guard COVID–19 Earned Benefits Guarantee Act](https://policyrisk.com/legislation/116-hr-6957)
- [116-hr-6697: Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020](https://policyrisk.com/legislation/116-hr-6697)
- [116-hr-6322: Student Veteran Coronavirus Response Act of 2020](https://policyrisk.com/legislation/116-hr-6322)
- [116-hr-5434: RPM Act of 2019](https://policyrisk.com/legislation/116-hr-5434)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8616 (as of 2025-11-18).