The bill S. 5199, titled the "Fair Flood Protection Act of 2024," aims to reauthorize and stabilize the National Flood Insurance Program (NFIP) in the United States through to 2034. It includes measures to eliminate the Community Rating System, reform the Write Your Own...
Simple Explanation
The bill wants to make sure people can still buy special insurance in case floods damage their homes, and it tries to help people who don't have a lot of money pay for it. It also talks about how much companies can get paid to help with this insurance and makes sure everyone knows how much the insurance costs.