,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #adhe  ,,in ,,the ,,house ,,of  
,,representatives  ,april #aa1 #bjac    
,mr4 ,lo,biondo introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,national ,flood  
,insurance ,act of #aifh to modify the  
phase-in increases in flood insurance   
premium rates for certain properties1   
and for other purposes4  #a4            
,modification of phase-in increases of  
flood insurance premium rates for       
certain properties  7a7 ,change of      
ownership of second homes1 business     
properties1 and primary residences      
,section #acjg7;g77#b7 of the ,national 
,flood ,insurance ,act of #aifh 7#db    
,u4,s4,c4 #djad7;g77#b77 is amended by  
striking #bjab and inserting #bjab1     
except for properties referred to in    
paragraphs 7#c7 and 7#d7 of section     
#acjh7;e74  7b7 ,second homes and       
business properties and change of       
ownership of primary residences ,section

 #acjh7;e7 of the ,national ,flood      
,insurance ,act of #aifh 7#db ,u4,s4,c4 
#djae7;e77 is amended--  7#a7 in        
paragraph 7#a71 by striking 2 and and   
inserting a semicolon2  7#b7 in         
paragraph 7#b7--  7,a7 by striking      
described in subparagraphs 7,a7 through 
7,e7 and inserting described in         
subparagraphs 7,b71 7,c71 and 7,e72 and 
7,b7 by striking the period at the end  
and inserting a semicolon2 and  7#c7 by 
adding at the end the following new     
paragraphs3  7#c7 described in          
subparagraphs 7,a7 and 7,d7 of section  
#acjg7;a77#b7 shall be increased by     
#ab4e percent each year1 until the      
average risk premium rate for such      
properties is equal to the average of   
the risk premium rates for properties   
described under paragraph 7#a72 and     
7#d7 that are primary residences        
purchased after the date of the         
enactment of the ,biggert-,waters ,flood
 ,insurance ,reform ,act of #bjab 7title
 ,,ii of division ,f of ,public ,law    

#aab-ada71 shall be increased by #ab4e  
percent each year as if such increase   
began on the date of the enactment of   
such ,act1 until the average risk       
premium rate for such properties is     
equal to the average of the risk premium
 rates for properties described under   
paragraph 7#a74  4  7c7 ,effect on rates
 changed due to ,biggert-,waters ,flood 
,insurance ,reform ,act of #bjab ,the   
,administrator of the ,federal          
,emergency ,management ,agency shall    
adjust the chargeable risk premium rates
 for flood insurance under the ,national
 ,flood ,insurance ,act of #aifh 7#db   
,u4,s4,c4 #djja et seq47 for properties 
referred to in paragraphs 7#c7 and 7#d7 
of section #acjh7;e7 of such ,act 7#db  
,u4,s4,c4 #djae7;e771 as added by       
subsection 7b7 of this section1 as if   
the amendments made by subsections 7a7  
and 7b7 of this section were enacted at 
the same time as the ,biggert-,waters   
,flood ,insurance ,reform ,act of #bjab 
7title ,,ii of division ,f of ,public   

,law #aab-ada74