HR 5607 - Flood Insurance Transparency Act of 2025

Overview

Bill Number: HR 5607

Title: Flood Insurance Transparency Act of 2025
Status: Introduced in House
Introduced: September 26, 2025

Purpose and Intent

The Flood Insurance Transparency Act of 2025 aims to increase transparency and accountability in the National Flood Insurance Program (NFIP). The bill seeks to provide homeowners and policyholders with more detailed information about their flood insurance coverage, premiums, and the financial status of the NFIP.

Key Provisions

• Requires the Federal Emergency Management Agency (FEMA) to provide annual reports to Congress and policyholders on the financial status and performance of the NFIP
• Mandates that FEMA disclose the methodology used to calculate flood insurance premiums, including any risk factors and actuarial data
• Directs FEMA to establish an online portal where policyholders can access detailed information about their individual flood insurance policies
• Prohibits FEMA from increasing flood insurance premiums by more than 10% per year without providing justification and public notice
• Establishes an independent oversight board to monitor the NFIP's operations and make recommendations for improvements

Affected Parties and Impacts

The Flood Insurance Transparency Act would primarily affect homeowners and businesses located in flood-prone areas who are required to purchase NFIP policies. By providing more detailed information about their coverage and premiums, the bill aims to empower policyholders to make informed decisions and hold the NFIP accountable.

Additionally, the bill would impact FEMA and the NFIP administration, as they would be required to increase transparency, reporting, and oversight of the program's operations and finances.

Procedural and Timeline Considerations

The Flood Insurance Transparency Act of 2025 was introduced in the House of Representatives on September 26, 2025. It has been referred to the House Financial Services Committee for consideration. If passed by the House, the bill would then need to be approved by the Senate and signed into law by the President before taking effect.

The bill's implementation would likely require FEMA to develop new reporting and disclosure mechanisms, as well as establish the independent oversight board. Policyholders could expect to see the changes phased in over the course of 12-18 months after the bill's enactment.