,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #chcd  ,,in ,,the ,,house ,,of  
,,representatives  ,january #i1         
#bjad,mr4 ,cramer introduced the        
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to ensure that certain      
communities may be granted exceptions   
for floodproofed residential basements  
for purposes of determining risk premium
 rates for flood insurance4  #a4 ,short 
title ,this ,act may be cited as the    
,flood ,safe ,basements ,act4  #b4      
,treatment of floodproofed residential  
basements  7a7 ,definitions ,in this    
section-- 7#a7 for purposes of rating a 
floodproofed covered structure1 the term
 adjusted base flood elevation means the
 base flood elevation for a covered     
structure on the applicable effective   
flood insurance rate map1 plus #a foot2 
7#b7 the term ,administrator means the  
,administrator of the ,federal          
,emergency ,management ,agency2  7#c7   
the term applicable flood plain         

management measures means flood plain   
management measures adopted by a        
community under section #fj4c7;c7 of    
title #dd1 ,code of ,federal            
,regulations2  7#d7 the term covered    
structure means a residential           
structure-- 7,a7 that is located in a   
community that has adopted flood plain  
management measures that are approved by
 the ,federal ,emergency ,management    
,agency and satisfy the requirements for
 an exception for floodproofed          
residential basements under section     
#fj4f7;c7 of title #dd1 ,code of        
,federal ,regulations2 and  7,b7 that   
was built in compliance with the        
applicable flood plain management       
measures2  7#e7 the term floodproofed   
elevation means the height of           
floodproofing on a structure1 as        
identified on the ,residential ,basement
 ,floodproofing ,certificate for the    
structure2 and  7#f7 the term ,national 
,flood ,insurance ,program means the    
program established under the ,national 

,flood ,insurance ,act of #aifh 7#db    
,u4,s4,c4 #djja et seq474  7b7          
,preservation of basement exception     
,notwithstanding the ,biggert-,waters   
,flood ,insurance ,reform ,act of #bjab 
7,public ,law #aab-ada2 #abf ,stat4     
#iaf71 the amendments made by that ,act1
 or any other provision of law1 the     
,administrator shall rate a covered     
structure using the elevation difference
 between the floodproofed elevation of  
the covered structure and the adjusted  
base flood elevation of the covered     
structure4