An Act respecting temporary cost of living relief (affordability)
Climate-driven flood costs hit $4B+ in 2024 across BC, Quebec, and the Atlantic. Private insurers have stopped offering coverage in much of the country.
Status
Quick learn
Creates a national flood-insurance program for homes in high-risk areas, after climate-driven floods caused over $4 billion in damages in 2024 and private insurers started pulling out.
Issues this bill touches
- Climate Adaptation & Disaster Response
- Housing
National Flood Insurance Program — climate-driven flood damage hit $4B+ in 2024.
Legislative history
- First reading
First reading in the House of Commons.
- Second reading
Second reading in the House of Commons.
- Third reading
Third reading in the House of Commons.
- First reading
First reading in the Senate.
- Second reading
Second reading in the Senate.
- Third reading
Third reading in the Senate.
- Royal assent
Royal assent received.
- Introduced
Tabled in the originating chamber by the sponsor.
- First reading
Bill formally introduced; printed text becomes available.
Official source
Read full text on Parliament of Canada