GOLDEN DOME Act of 2025

Senate Bill

S. 2142

119th Congress

GOLDEN DOME Act of 2025

In Committee

Introduced:Jun 24, 2025

Primary Sponsor

Dan Sullivan

Senator

Republican

AK

Cosponsors

9

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The National Flood Insurance Program Reauthorization and Reform Act of 2023 aims to make flood insurance more affordable and accessible. It limits annual premium increases, revises coverage limits, and establishes a program to help low-income households afford policies. The bill also modifies administrative and mitigation provisions of the flood insurance program.

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held.

SponsorDan Sullivan (R-AK)

Introduced6/24/2025

StatusRead twice and referred to the Committee on Armed Services.

ChamberSenate

Data from Congress.gov

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Vote Prediction

GOLDEN DOME Act of 2025

The National Flood Insurance Program Reauthorization and Reform Act of 2023 aims to make flood insurance more affordable and accessible. It limits annual premium increases, revises coverage limits, and establishes a program to help low-income households afford

Community Breakdown

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The National Flood Insurance Program Reauthorization and Reform Act of 2023 aims to make flood insurance more affordable and accessible. It limits annual premium increases, revises coverage limits, and establishes a program to help low-income households afford policies. The bill also modifies administrative and mitigation provisions of the flood insurance program.

Bill Number: 2142
Sponsor: Dan Sullivan (R-AK)
Introduced: 6/24/2025
Status: Read twice and referred to the Committee on Armed Services.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: GOLDEN DOME Act of 2025
Bill Number: 2142
Sponsor: Dan Sullivan (R-AK)
Status: Read twice and referred to the Committee on Armed Services.
Introduced: 6/24/2025
Summary: The National Flood Insurance Program Reauthorization and Reform Act of 2023 aims to make flood insurance more affordable and accessible. It limits annual premium increases, revises coverage limits, and establishes a program to help low-income households afford policies. The bill also modifies admini

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The National Flood Insurance Program Reauthorization and Reform Act of 2023 aims to make flood insurance more affordable and accessible. It limits annual premium increases, revises coverage limits, and establishes a program to help low-income households afford policies. The bill also modifies administrative and mitigation provisions of the flood insurance program.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

National Flood Insurance Program Reauthorization and Reform Act of 2023 This bill generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2026. The bill addresses NFIP coverage, cost, and availability, including by <ul> <li>generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years; </li> <li>revising flood insurance coverage limits;</li> <li>establishing a means-tested program to provide financial assistance to low-income households through policy discounts; and</li> <li>revising standards and certification requirements for flood insurance rate maps.</li> </ul> The bill also revises administrative provisions of the NFIP, including by <ul> <li>allowing for the continuous operation of the NFIP during a lapse in appropriations, and</li> <li>prohibiting the Department of the Treasury from charging FEMA interest for NFIP debt for five years. </li> </ul> The bill sets forth requirements for Write Your Own companies related to reimbursements, agent commissions, and penalties for underpayment of claims. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.) The bill establishes state or tribal government revolving funds for flood mitigation activities and also provides for loans, grants, and other incentives regarding mitigation. The bill also requires the creation of an appeals process for disputing NFIP premium rates.

Key Points

Main provisions of the bill

Limits annual premium increases for the National Flood Insurance Program to no more than 9% for 5 years
Revises flood insurance coverage limits to make policies more affordable
Establishes a means-tested program to provide discounts on flood insurance policies for low-income households
Requires the creation of an appeals process for disputing flood insurance premium rates
Provides loans, grants, and other incentives for state and tribal governments to fund flood mitigation activities

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily impact homeowners and renters living in flood-prone areas, making flood insurance more accessible and affordable, especially for low-income families. It could also spur increased investment in local flood mitigation projects, potentially reducing flood risks and insurance costs over time.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Related Subjects

Accounting and auditing

Administrative law and regulatory procedures

Administrative remedies

Advisory bodies

Alternative dispute resolution, mediation, arbitration

Building construction

Business records

Congressional oversight

Digital media

Disaster relief and insurance

+9 more

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2142, 119th Congress (2025). "GOLDEN DOME Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2142

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