To direct the Administrator of the Federal Emergency Management Agency to allow certain recipients of the Flood Mitigation Assistance Grant, and other grants, to be used for the payment of premiums for a community-based, parametric flood insurance policy, and for other purposes.

HR9056 was introduced on May 29, 2026, by Rep. Garbarino (R-NY) and referred to the House Committee on Financial Services. The bill proposes an administrative change to FEMA grant rules, permitting the use of Flood Mitigation Assistance grants and similar awards to cover premiums for community-based parametric flood insurance policies. At this procedural stage, no funding is authorized or appropriated — the bill simply grants permission for existing grant dollars to be used in a new way. The legislative path requires committee markup, full House passage, Senate introduction and passage, and presidential signature. With only one cosponsor and no companion bill in the Senate, momentum is low. The parametric flood insurance market is nascent and small; even if enacted, the impact on any publicly traded company would be indirect and immaterial. No ticker can be linked with confidence above the 0.65 threshold because the bill does not name any company, create direct revenue streams, or impose costs on any specific obligated party. The structural effect is limited: community-based parametric policies are typically written by specialty insurers or reinsurers, but the volume of redirected grant dollars is unknown and likely small relative to any public company's revenue. This is a procedural marker with no near-term market implications.