,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #abfg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ai1 #bjac ,mr4  
,palazzo introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to delay & phase-9
 increases 9 flood insurance premium    
rates "u ! national flood insurance     
program = c]ta9 prop]ties1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,flood ,insurance ,premium 
,relief ,act ( #bjac4  #b4 ,tempor>y    
delay ( implem5tation & phase-9 (       
premium rate increases = c]ta9 prop]ties
  7a7 ,newly pur*as$ prop]ties  7#a7    
,delay ( implem5tation ,= any prop]ty t 
is pur*as$ aft] ,july #f1 #bjab1 & be=e 
,janu>y #a1 #bjae1 ! risk premium rate  
*>g$ = flood insurance "u ! national    
flood insurance program "u ! ,national  
,flood ,insurance ,act ( #aifh 7#db     
,u4,s4,c4 #djja et seq47 %all--  7,a7   
dur+ ! #ab-mon? p]iod beg9n+ ^u su*     
pur*ase1 be ! am\nt ( su* risk premium  
rate *>geable = su* prop]ty imm$iately  

be=e su* pur*ase2 &  7,b7 !reaft]1 be a 
rate t is n less ?an ^? e/imat$ "u      
section #acjg7;a77#a7 ( su* ,act 7#db   
,u4,s4,c4 #djad7;a77#a771 z requir$ by  
p>agraph 7#b7 ( t section1 subject to   
p>agraph 7#b7 ( ?is subsection4  7#b7   
,phase-9 ( increas$ rates ,^u !         
expiration ( any #ab-mon? p]iod ref]r$  
to 9 p>agraph 7#a77;,a7 ) respect to any
 prop]ty1 any increase 9 ! risk premium 
rate *>g$ = flood insurance = su*       
prop]ty t is a result ( p>agraph        
7#a77;,b7 %all be phas$ 9 ov] a #aj-ye> 
p]iod1 at ! rate ( #aj p]c5t = ea* ye>  
foll[+ ! expiration ( su* #ab-mon?      
p]iod4  7b7 ,prop]ties ) new flood      
insurance rate maps  7#a7 ,delay (      
implem5tation ,= any prop]ty t is locat$
 9 an area t is p>ticipat+ 9 ! national 
flood insurance program "u ! ,national  
,flood ,insurance ,act ( #aifh1 t is    
cov]$ by a flood insurance policy on !  
date ( a cov]$ flood insurance rate map 
update1 & = :i* ! risk premium rate *>g$
 = flood insurance = su* prop]ty has    

increas$1 or w increase1 z a result (   
su* update1 ! risk premium rate *>g$ =  
flood insurance "u ! national flood     
insurance program %all1 dur+ ! #ab-mon? 
p]iod beg9n+ ^u ! effective date ( su*  
cov]$ flood insurance rate map update1  
be ! am\nt ( su* risk premium rate      
*>geable = su* prop]ty imm$iately be=e !
 effective date ( su* update4  7#b7     
,phase-9 ( increas$ rates ,^u !         
expiration ( any #ab-mon? p]iod ref]r$  
to 9 p>agraph 7#a7 ) respect to any     
prop]ty1 any increase 9 ! risk premium  
rate *>g$ = flood insurance = su*       
prop]ty t is a result ( su* cov]$ flood 
insurance rate map update %all be phas$ 
9 ov] a #aj-ye> p]iod1 at ! rate ( #aj  
p]c5t = ea* ye> foll[+ ! expiration (   
su* #ab-mon? p]iod4  7#c7 ,cov]$ flood  
insurance rate map update ,= purposes ( 
?is subsection1 ! t]m cov]$ flood       
insurance rate map update means any     
revision or updat+ ( flood insurance    
rate maps "u ! ,national ,flood         
,insurance ,act ( #aifh1 ! ,flood       

,disa/] ,protection ,act ( #aigc 7#db   
,u4,s4,c4 #djjb et seq471 or !          
,bigg]t-,wat]s ,flood ,insurance ,re=m  
,act ( #bjab 7subtitle ,a ( title ,,ii (
 division ,f ( ,public ,law #aab-ada71 t
 takes effect aft] ,july #f1 #bjab1 &   
be=e ,janu>y #a1 #bjae4  #c4 ,p]man5t   
phase-9 ( premium rate increases = c]ta9
 prop]ties  7a7 ,prop]ties pur*as$ 9    
#bjae or aft] ,p>agraph 7#b7 ( section  
#acjg7;g7 ( ! ,national ,flood          
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#djad7;g77#b77 is am5d$ by /rik+ aft] ! 
date ( enactm5t ( ! ,bigg]t-,wat]s      
,flood ,insurance ,re=m ,act ( #bjab &  
ins]t+ ! foll[+3 on or aft] ,janu>y #a1 
#bjae1 except t any increase 9 ! risk   
premium rate *>g$ = flood insurance     
result+ f ?is p>agraph = any su* prop]ty
 %all be phas$ 9 ov] a #aj-ye> p]iod1 at
 ! rate ( #aj p]c5t = ea* ye> foll[+ su*
 pur*ase4  7b7 ,prop]ties ) new flood   
insurance rate maps effective 9 #bjae or
 aft] ,subsection 7h7 ( section #acjh ( 
! ,national ,flood ,insurance ,act (    

#aifh 7#db ,u4,s4,c4 #djae7;h77 is      
am5d$--  7#a7 9 ! fir/ s5t5ce1 by ins]t+
 be=e ! p]iod at ! end ! foll[+3 & to   
section #b7;b7 ( ! ,flood ,insurance    
,premium ,relief ,act ( #bjac2 &  7#b7 9
 ! second s5t5ce--  7,a7 by /rik+ ,any  
increase & ins]t+ ,9 ! case ( any su*   
update t takes effect on or aft] ,janu>y
 #a1 #bjae1 any increase2 &  7,b7 by    
/rik+ #e-ye> p]iod1 at ! rate ( #bj     
p]c5t & ins]t+ #aj-ye> p]iod1 at ! rate 
( #aj p]c5t4