,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ccab  ,,in ,,the ,,house ,,of  
,,representatives  ,october #bc1        
#bjac,mr4 ,bilirakis 7for himself1 ,mr4 
,rooney1 and ,ms4 ,ros-,lehtinen7       
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
require the ,administrator of the       
,federal ,emergency ,management ,agency 
to allow for monthly installment        
payments for flood insurance under the  
,national ,flood ,insurance ,act of     
#aifh1 to cap the annual cost of flood  
insurance under that ,act1 to provide   
for a ten-year phase-in of premium      
increases resulting from the enactment  
of the ,biggert-,waters ,flood          
,insurance ,reform ,act of #bjab1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,homeowners ,flood ,insurance ,relief   
,act of #bjac4  #b4 ,monthly installment
 payments for premiums ,section         
#acjh7;g7 of the ,national ,flood       

,insurance ,act of #aifh 7#db ,u4,s4,c4 
#djae7;g77 is amended by striking either
 annually or in more frequent           
installments and inserting annually1    
monthly1 or in other installments that  
are more frequent than annually4  #c4   
,cap on annual cost of flood insurance  
,section #acjh of the ,national ,flood  
,insurance ,act of #aifh 7#db ,u4,s4,c4 
#djae7 is amended-- 7#a7 by             
redesignating subsection 7i7 as         
subsection 7j72 and  7#b7 by inserting  
after subsection 7h7 the following new  
subsection3  7i7 ,maximum annual premium
 ,notwithstanding any other provision of
 this title1 the maximum annual         
chargeable premium rate for a property  
shall be the total appraised value of   
all structures located on the property  
at the time of the purchase of the      
property by the current owner of the    
property divided by #cj4  4  #d4        
,ten-year phase-in of premium increases 
resulting from ,biggert-,waters ,flood  
,insurance ,reform ,act of #bjab  7a7   

,phase-,in ,notwithstanding any other   
provision of law1 any increase in the   
risk premium rate charged for flood     
insurance under the ,national ,flood    
,insurance ,act of #aifh 7#db ,u4,s4,c4 
#djja et seq47 on any property that is  
covered by a flood insurance policy on  
the effective date of the               
,biggert-,waters ,flood ,insurance      
,reform ,act of #bjab 7,public ,law     
#aab-ada2 #abf ,stat4 #iaf et seq47 that
 is a result of the enactment of such   
,act or the amendments made by such ,act
 shall be phased in over a #aj-year     
period1 at the rate of #aj percent for  
each year following such effective date4
  7b7 ,applicability2 refund or credit  
,subsection 7a7 shall apply as if       
enacted as part of the ,biggert-,waters 
,flood ,insurance ,reform ,act of #bjab 
7,public ,law #aab-ada2 #abf ,stat4 #iaf
 et seq474 ,the ,administrator of the   
,federal ,emergency ,management ,agency 
shall refund to insureds1 or provide    
credit to insureds for1 any premiums for

 flood insurance coverage under the     
,national ,flood ,insurance ,program    
collected in excess of the rates        
required pursuant to subsection 7a74