WeVote
Log In

Bill

Bill

HR 291

INSURANCE: Memorializes the United States Congress to end Risk Rating 2.0 and to take certain other necessary actions to alleviate the financial burden of flood insurance

2025 Regular Session Introduced by Roy Adams and 30 co-sponsors

Louisiana urges Congress to eliminate FEMA's Risk Rating 2.0 flood insurance methodology to reduce premium burden on state residents and businesses.

Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.
0
WeVote Research Nonpartisan
Bill Summary · HR 291

Legislative bill overview

HR 291 is a Louisiana state resolution that formally requests the U.S. Congress to eliminate the National Flood Insurance Program's Risk Rating 2.0 methodology and implement other measures to reduce flood insurance costs for policyholders. The bill passed unanimously (95-0) in the Louisiana House and has been sent to Congress as an official state memorial.

Why is this important

Risk Rating 2.0, implemented by FEMA in 2021, dramatically increased flood insurance premiums for many Louisiana homeowners by using more granular risk assessments based on individual property characteristics rather than broad zones. Louisiana, highly vulnerable to flooding and hurricane damage, faces particular financial strain on residents and property owners who depend on federally-backed flood insurance required by most mortgage lenders.

Potential points of contention

  • Technical accuracy of Rating 2.0: While critics argue the new methodology is overly aggressive, FEMA maintains it more accurately reflects actual flood risk and is financially necessary for program solvency
  • Federal vs. state authority: Congress may be reluctant to override FEMA's actuarial determinations; a memorial carries no binding force and depends on federal political will
  • Broader insurance market implications: Eliminating or modifying Risk Rating 2.0 could shift financial burden back to the National Flood Insurance Program, potentially requiring taxpayer subsidies or leaving properties underinsured

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.