Creates a program to make flood insurance more affordable for eligible homeowners and businesses.
This bill would create a new program to help eligible homeowners, small businesses, and non-profits afford flood insurance. It would offer discounts, capping yearly premiums at 1 percent of their local area's median income. It would also push for monthly payment options for flood insurance.
Today, flood insurance costs are based on risk, and there isn't a program to give discounts based on income or hardship. If this bill becomes law, eligible homeowners, small businesses, and non-profits would be able to get discounts. Their yearly flood insurance premium could be capped at 1 percent of their area's median income. FEMA would also need to make monthly payment options available for flood insurance premiums or explain why it cannot.
HR 6934 · 119th Congress · December 30, 2025 · AI Summary by gemini-2.5-flash · 9/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.