Taxpayer Exposure Mitigation Act
- Introduced Mar 1
- Committee Mar 1
- Passed House Next
- Passed Senate Not yet
- To President Not yet
- Law Not yet
Where it stands
In committee, Mar 1, 2023Next: House vote
1337d ago Mar 1, 2023: Referred to the House Committee on Financial Services.
Final votes
No roll callsNo recorded vote on this bill yet
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Companies lobbying on this bill
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Financials 1
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Votes
No recorded roll-call vote on this bill yet
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No member of Congress traded these companies in the last 90 days
Summary
Taxpayer Exposure Mitigation Act
Full summary1 paragraphs
This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.
Library of Congress summary, Mar 1, 2023
Summary versions
- Introduced in HouseMar 1, 2023
Actions
- HouseIntroduced in HouseMar 1, 2023
- HouseReferred to the House Committee on Financial Services.Mar 1, 2023
Bill record
Text versions1
- Introduced in HouseMar 1, 2023PDF: Introduced in House
Committees1
- House Financial Services CommitteeReferred To Mar 1, 2023
Sponsor and cosponsors0 cosponsors
- Rep. Blaine Luetkemeyer (R-MO-3)Sponsor, Mar 1, 2023
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
Short titles
- Taxpayer Exposure Mitigation ActShort Title(s) as Introduced
Official titles
- To provide for greater transfer of risk under the National Flood Insurance Program to private capital and reinsurance markets, and for other purposes.Official Title as Introduced
Subjects1
Policy area
Related bills1
- H.R. 3417 117th, Reintroduction of Taxpayer Exposure Mitigation Act
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.