Flood Insurance Transparency Act of 2025
Summary
The Flood Insurance Transparency Act of 2025 aims to amend the National Flood Insurance Act of 1968 by mandating the public availability of specific program information. This includes data related to flood risk, policy details, claims history, and community-level compliance. The goal is to enhance transparency and facilitate research and development in flood risk management.
Expected Effects
The Act will likely lead to increased public awareness of flood risks and the performance of the National Flood Insurance Program (NFIP). It could also empower homeowners and communities to make more informed decisions regarding flood insurance and mitigation efforts. This may also drive innovation in flood risk technology.
Potential Benefits
- Increased transparency in the National Flood Insurance Program.
- Better access to flood risk data for homeowners and communities.
- Potential for improved flood risk management and mitigation strategies.
- Facilitation of research and development in flood technology.
- Greater accountability for communities participating in the NFIP.
Potential Disadvantages
- Potential privacy concerns related to property data disclosure, despite the stated intention to protect personally identifiable information.
- Costs associated with establishing and maintaining the open-source data system and searchable database.
- Possible misinterpretation or misuse of complex flood risk data by the public.
- Increased administrative burden on the Administrator to collect and disseminate the required information.
- The Act does not address the underlying financial stability of the NFIP.
Constitutional Alignment
The Flood Insurance Transparency Act appears to align with the general welfare clause of the Constitution (Preamble). By promoting transparency and informed decision-making related to flood risks, the Act seeks to benefit the public. The Act does not appear to infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).