,i #aac? ,,congress #a/ ,session ,h4 ,r4 #caef ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #ai1 #bjac,mr4 ,/ockman introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices1 & 9 addition to ! ,committee on ,transportation & ,infra/ructure1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to re=m ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab to responsibly protect home[n]%ip4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,responsible ,implem5tation ( ,flood ,insurance ,re=m ,act ( #bjac4 #b4 ,cl>ification on application ( c]ta9 premium adju/m5ts "u ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7a7 ,cl>ification ,section #acjh7;h7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;h77 is am5d$-- 7#a7 by /rik+ ,not)/&+ & ins]t+ 7#a7 ,9 g5]al4--,not)/&+2 & 7#b7 by add+ at ! end ! foll[+3 7#b7 ,applicability ,! requirem5ts "u p>agraph 7#a7 %all only apply ) respect to any prop]ty locat$ 9 an area-- 7,a7 t is p>ticipat+ 9 ! national flood insurance program2 & 7,b7 = :i* ! ,adm9i/rator has publi%$ 9 ! ,f$]al ,regi/] project$ base flood elevations & designations ( areas hav+ special flood haz>ds "u section #acfc7;a7 on or aft] ,decemb] #ca1 #bjac4 4 7b7 ,effective date ,! am5dm5ts made by subsection 7a7 %all take effect z if enact$ z "p ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7,public ,law #aab-ada2 #abf ,/at4 #iaf74 #c4 ,phase-9 ( actu>ial rates = newly pur*as$ homes 7a7 ,9 g5]al ,section #acjh7;e7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;e77 is am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7#c7 n subject to ! phase-9 requirem5t "u p>agraph 7#b71 :i* are sold on or aft] ! date ( enactm5t ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab1 & not)/&+ ! requirem5ts ( section #acjg7;g71 %all be increas$ by #bj p]c5t ea* ye>1 beg9n+ 9 ! ye> aft] ! fir/ su* sale1 until ! av]age risk premium rate = su* prop]ties is equal to ! av]age ( ! risk premium rates = prop]ties describ$ 9 p>agraph 7#a74 4 7b7 ,effective date ,! am5dm5ts made by subsection 7a7 %all take effect z if enact$ z "p ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7,public ,law #aab-ada2 #abf ,/at4 #iaf74 #d4 ,local *oice to protect home[n]s ,! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq47 is am5d$ by ins]t+ aft] section #acjh ! foll[+3 #acjh;,a4 ,/ate & local gov]nm5t flexibility 7a7 ,9 g5]al ,! ,adm9i/rator %all e/abli% a means by :i* a ,/ate or local gov]nm5t may1 on its own accord or 9 conjunction ) o!r ,/ate or local gov]nm5ts1 submit su* paym5ts to ! ,adm9i/rator z are necess>y to fully cov] ! co/ ( any premium = any prop]ty )9 ! jurisdiction ( ! ,/ate or local gov]nm5t4 7b7 ,risk premium rate ,! ,adm9i/rator %all require t ! am\nt ( any paym5t f a ,/ate or local gov]nm5t "u subsection 7a7 be consi/5t ) sections #acjg & #acjh4 4 #e4 ,mitigation assi/ance = home[n]s ,section #djd ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj;c7 is am5d$ by add+ at ! end ! foll[+3 7f7 ,special provision relat+ to flood mitigation 7#a7 ,def9ition ,9 ?is subsection1 ! t]m eligible prop]ty means-- 7,a7 a prop]ty-- 7i7 describ$ 9 p>agraph 7#a7 or 7#b7 ( section #acjg7;g7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;g772 7ii7 = :i* a policy "u ! flood insurance program has laps$ 9 cov]age1 z a result ( ! delib]ate *oice ( ! hold] ( su* policy1 z describ$ 9 p>agraph 7#c7 ( section #acjg7;g7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;g772 or 7iii7 ) respect to :i* a prospective insur$ refuses to accept any (f] = mitigation assi/ance by ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy 7includ+ an (f] to relocate71 z describ$ 9 p>agraph 7#d7 ( section #acjg7;g7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;g772 & 7,b7 a prop]ty = :i* ! risk premium rate = flood insurance cov]age "u ! ,national ,flood ,insurance ,program increases "u section #acjh7;h7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;h77 on or aft] ,july #f1 #bjab4 7#b7 ,mitigation aga9/ future flood+ ,9 provid+ haz>d mitigation assi/ance "u ?is section 9 connection ) flood+1 ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all ensure t n less ?an #be p]c5t ( ! e/imat$ aggregate am\nt ( su* assi/ance provid$ to a grant recipi5t is us$ to elevate1 acquire1 or relocate eligible prop]ties1 to ! ext5t t eligible prop]ties exi/ )9 ! jurisdiction ( ! grant recipi5t4 4 #f4 ,con/ruction & re/oration ( flood protection sy/ems 7a7 ,adequate progress on con/ruction ( flood protection sy/ems ,section #acjg7;e7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;e77 is am5d$ by ins]t+ aft] ! second s5t5ce ! foll[+3 ,not)/&+ any o!r provision ( law1 9 det]m9+ :e!r a community has made adequate progress on ! con/ruction1 recon/ruction1 or improvem5t ( a flood protection sy/em1 ! ,adm9i/rator %all n consid] ! level ( ,f$]al fund+ ( or p>ticipation 9 ! con/ruction1 recon/ruction1 or improvem5t44 7b7 ,communities re/or+ disaccr$it$ flood protection sy/ems ,section #acjg7;f7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;f77 is am5d$ 9 ! fir/ s5t5ce by /rik+ no long] does s4 & ins]t+ ! foll[+3 no long] does s1 & %all apply )\t reg>d to ! level ( ,f$]al fund+ ( or p>ticipation 9 ! con/ruction1 recon/ruction1 or improvem5t ( ! flood protection sy/em44 #g4 ,appropriate cr$it = flood control /ructures ,section #acfj ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daja7 is am5d$ by add+ at ! end ! foll[+3 7k7 ,actual protection provid$ by levee sy/ems ,! ,adm9i/rator may n issue a flood insurance rate map or an update to a flood insurance rate map = an area unless-- 7#a7 ! flood insurance rate map or update adequately reflects ! protection provid$ by any levee sy/em 9 ! area aga9/ ! base flood1 reg>dless ( ! accr$itation /atus ( ! levee sy/em "u section #fe4aj ( title #dd1 ,code ( ,f$]al ,regulations1 or any successor !reto2 or 7#b7 ! community 9 :i* any levee sy/em 9 ! area is locat$ elects n to provide ! data necess>y = ! ,adm9i/rator to issue a flood insurance rate map or update t adequately reflects ! protection provid$ by ! levee sy/em aga9/ ! base flood4 4