National Flood Insurance Program Affordability Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6934 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6934 To establish a means-tested assistance program for national flood insurance program policyholders, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 30, 2025 Mr. Bresnahan (for himself and Mr. Vindman) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To establish a means-tested assistance program for national flood insurance program policyholders, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``National Flood Insurance Program Affordability Act''. SEC. 2. MEANS-TESTED ASSISTANCE FOR NATIONAL FLOOD INSURANCE PROGRAM POLICYHOLDERS. (a) In General.--The Administrator of the Federal Emergency Management Agency shall, not later than 1 year after the date of the enactment of this Act, establish a means-tested program under which the Administrator provides assistance to eligible policyholders in the form of graduated discounts for insurance costs with respect to covered properties. (b) Discounts.--The Administrator shall use amounts provided under this section to establish graduated discounts available to eligible policyholders under this section, with respect to covered properties, such that the chargeable premium rate for an eligible policyholder that applies for assistance under this section may not exceed 1 percent of the area median income for the area in which the property to which the policy applies is located. (c) Application.--To receive assistance under this Act, an eligible policyholder shall submit an application to the Administrator at such time, in such man