,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ajce  ,,in ,,the ,,house ,,of  
,,representatives  ,march #g1 #bjac ,ms4
 ,moore 7for herself and ,mr4 ,bachus7  
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
require a study of voluntary            
community-based flood insurance options 
and how such options could be           
incorporated into the national flood    
insurance program1 and for other        
purposes4  #a4 ,studies of voluntary    
community-based flood insurance options 
7a7 ,study  7#a7 ,study required ,the   
,administrator of the ,federal          
,emergency ,management ,agency shall    
conduct a study to assess options1      
methods1 and strategies for making      
available voluntary community-based     
flood insurance policies through the    
,national ,flood ,insurance ,program4   
7#b7 ,considerations ,the study         
conducted under paragraph 7#a7 shall--  
7,a7 take into consideration and analyze

 how voluntary community-based flood    
insurance policies--  7i7 would affect  
communities having varying economic     
bases1 geographic locations1 flood      
hazard characteristics or               
classifications1 and flood management   
approaches2 and  7ii7 could satisfy the 
applicable requirements under section   
#ajb of the ,flood ,disaster ,protection
 ,act of #aigc 7#db ,u4,s4,c4 #djab;a72 
and  7,b7 evaluate the advisability of  
making available voluntary              
community-based flood insurance policies
 to communities1 subdivisions of        
communities1 and areas of residual risk4
  7#c7 ,consultation ,in conducting the 
study required under paragraph 7#a71 the
 ,administrator may consult with the    
,comptroller ,general of the ,united    
,states1 as the ,administrator          
determines is appropriate4  7b7 ,report 
by the administrator  7#a7 ,report      
required ,not later than #ah months     
after the date of enactment of this     
,act1 the ,administrator shall submit to

 the ,committee on ,banking1 ,housing1  
and ,urban ,affairs of the ,senate and  
the ,committee on ,financial ,services  
of the ,house of ,representatives a     
report that contains the results and    
conclusions of the study conducted under
 subsection 7a74  7#b7 ,contents ,the   
report submitted under paragraph 7#a7   
shall include recommendations for--     
7,a7 the best manner to incorporate     
voluntary community-based flood         
insurance policies into the ,national   
,flood ,insurance ,program2 and  7,b7 a 
strategy to implement voluntary         
community-based flood insurance policies
 that would encourage communities to    
undertake flood mitigation activities1  
including the construction1             
reconstruction1 or improvement of       
levees1 dams1 or other flood control    
structures4  7c7 ,report by comptroller 
general ,not later than #f months after 
the date on which the ,administrator    
submits the report required under       
subsection 7b71 the ,comptroller        

,general of the ,united ,states shall-- 
7#a7 review the report submitted by the 
,administrator2 and  7#b7 submit to the 
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate and the  
,committee on ,financial ,services of   
the ,house of ,representatives a report 
that contains--  7,a7 an analysis of the
 report submitted by the ,administrator2
  7,b7 any comments or recommendations  
of the ,comptroller ,general relating to
 the report submitted by the            
,administrator2 and  7,c7 any other     
recommendations of the ,comptroller     
,general relating to community-based    
flood insurance policies4