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119-hr-6934119th CongressWALLET

National Flood Insurance Program Affordability Act

Sponsored By: Representative Bresnahan, Robert P. [R-PA-8]

Introduced

Summary

Means-tested discounts on NFIP premiums. This bill would create a FEMA program to give graduated discounts on National Flood Insurance Program insurance costs and cap an assisted policyholder’s chargeable premium at no more than 1% of the area median income for the property’s area.

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  • Families and homeowners: Households with income at or below 120% of area median income would be eligible for discounts that limit their chargeable premium to no more than 1% of AMI. Assistance is available only while annual funds remain.
  • Small businesses and not-for-profits: Businesses with up to 100 employees and nonprofits that meet a FEMA hardship metric would qualify for graduated discounts to lower their NFIP insurance costs.
  • FEMA and program rules: FEMA would have to issue regulations and a hardship metric within one year, implement monthly premium installments within 180 days or report why it cannot, and run the program with an annual appropriation and spending rules.

*Would require an annual appropriation of $250 million to FEMA to fund the discount program.*

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Flood insurance discounts for homeowners

If enacted, FEMA would have one year to set up a means-tested discount program for National Flood Insurance. You would be able to apply if you hold an NFIP policy on or after enactment and your household income is at or below 120% of the area median income (AMI). For eligible applicants, the bill would cap the chargeable premium at 1% of the local AMI for a covered property (a primary residence and related personal property). The program would get $250 million each year and FEMA must spend at least 95% of that yearly amount; help for a fiscal year would stop once that money is used up. Small businesses with 100 or fewer employees and not-for-profits could qualify if they meet a hardship metric FEMA would publish. FEMA would also have 180 days to implement monthly premium payments or explain to Congress why it cannot, and must report within one year on using home loan costs (PITI) or other federal program incomes to set eligibility.

Sponsors & CoSponsors

Sponsor

Bresnahan, Robert P. [R-PA-8]

PA • R

Cosponsors

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 12/30/2025

Roll Call Votes

No roll call votes available for this bill.

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