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Local Innovation and Coastal Protection Act of 1993

Read twice and referred to the Committee on Banking.

Official summary

Version 00 · Introduced in Senate · May 25, 1993

Local Innovation and Coastal Protection Act of 1993 - Amends the National Flood Insurance Act of 1968 to require the Director of the Federal Emergency Management Agency to make grants ($500,000 maximum with matching fund requirements) from the Coastal Erosion Control Fund (established by this Act) to States and qualifying communities for an erosion mitigation demonstration program. Gives grant priority to projects that: (1) have multiple location applicability; (2) broaden existing erosion control techniques; or (3) rely on natural designs rather than structural alterations. Authorizes appropriations. Establishes in the Treasury the Coastal Erosion Control Fund. Requires the Director to: (1) assess an annual five-dollar flood insurance premium mitigation surcharge to be paid into such Fund, unless the Fund's balance exceeds $15 million; (2) evaluate and publish a list of the most effective erosion mitigation measures; and (3) provide flood insurance rate incentives for erosion mitigation efforts.

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Who introduced it

Sen. Bradley, Bill [D-NJ] · D–NJ

Committees

  • Banking, Housing, and Urban Affairs Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Read twice and referred to the Committee on Banking.

    2. Sponsor introductory remarks on measure. (CR S6466-6467)

    3. Introduced in Senate

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    Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.

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