NFIP Premium Transparency Act
Sponsored By: Representative Fields, Cleo [D-LA-6]
Introduced
Summary
Makes flood insurance costs and risk drivers far more transparent. This bill would require detailed, standardized disclosures on National Flood Insurance Program policies and create a public, property-level online tool that explains premiums, rating factors, claims, and mitigation options.
Show full summary
- Homeowners and prospective buyers would get line-by-line information on current premiums, discounts, replacement cost value, claim history, special-category status, mitigation options and estimated savings on declaration pages and in the online tool.
- Insurers issuing NFIP policies would receive the same property-level data from the Administrator beginning 12 months after enactment to help explain rates and align underwriting.
- The Administrator must provide a Flood Insurance Information Tool within 36 months with per-property pages, the ability to adjust time-varying risk variables, and annual area-level premium distributions by State, county, and ZIP. The Comptroller General will evaluate the tool 2 years after it is available and report on possible expansions, prospective buyer access, and additional data needs.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Clearer flood insurance info for homeowners
If enacted, FEMA would have to put much more information on NFIP declaration pages within 12 months and make a public online tool within 36 months. The declaration page would show your current premium, discounts and why a premium is below full risk, years until full-risk under annual limits, mitigation options and savings, claim history, replacement cost value and the date it was calculated, special categories like repetitive loss, and (subject to privacy law) rating factors. The online tool would show the same property-level details, let users try different mitigation or sea-level scenarios to see how premiums change, and must say why any item cannot be provided. The bill would also define "replacement cost value" as the cost to replace the part of a building damaged by flood without depreciation.
New data sharing and local premium stats
If enacted, FEMA would have to share property-level NFIP information with insurers that write NFIP policies starting 12 months after enactment. This would include items like premiums, rating factors, replacement cost values, and claim histories that FEMA holds. FEMA would also publish, within one year and annually, state-, county-, and ZIP-code-level statistics (median, mean, quartiles, min, max) for both current chargeable premiums and full-risk premiums. These steps would increase transparency and help insurers and communities compare local premium landscapes, but sharing data with insurers could also lead to more accurate risk-based pricing and change what some households pay.
Sponsors & CoSponsors
Sponsor
Fields, Cleo [D-LA-6]
LA • D
Cosponsors
Rep. Carter, Troy A. [D-LA-2]
LA • D
Sponsored 6/29/2026
Rep. Bresnahan, Robert P. [R-PA-8]
PA • R
Sponsored 6/29/2026
Rep. Ezell, Mike [R-MS-4]
MS • R
Sponsored 6/29/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov