H.R. 9414, titled the “Community Flood Coverage Savings Act,” instructs the Federal Emergency Management Agency (FEMA) to create a pilot program for community-based flood insurance. This program allows communities to buy one insurance policy under the National Flood Insurance...
Simple Explanation
H.R. 9414 is a plan to help towns buy one big flood insurance policy that covers all homes, making it easier and possibly cheaper for everyone to be protected from floods. It's like a town getting a big umbrella to make sure all the houses stay dry when it rains a lot.