,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #djga  ,,in ,,the ,,house ,,of  
,,representatives  ,february #ba1 #bjad 
,mr4 ,schrader 7for himself and ,mr4    
,marino7 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 provide for flood      
insurance policies with higher          
deductibles and lower rates4  #a4 ,short
 title ,this ,act may be cited as the   
,flood ,insurance ,flexibility ,act of  
#bjad4  #b4 ,optional high-deductible   
policies for certain properties ,section
 #acjf of the ,national ,flood          
,insurance ,act of #aifh 7#db ,u4,s4,c4 
#djac7 is amended by adding at the end  
the following new subsection3  7d7      
,optional high-,deductible policies     
7#a7 ,option ,the ,administrator shall  
make flood insurance coverage available 
for properties1 at the option of the    
insured1 having premiums and deductibles
 in the amounts provided under paragraph

 7#b74  7#b7 ,high-deductibles2 risk    
premium rate ,flood insurance coverage  
made available pursuant to this         
subsection for a property shall--  7,a7 
have an annual loss-deductible for      
damage to the covered property in an    
amount not less than #aj1jjj 7as such   
amount is adjusted for inflation to the 
nearest #a1jjj by the ,administrator1   
using such index as the ,administrator  
determines is appropriate71 and the     
,administrator may make coverage        
available having such higher            
loss-deductible amounts as the          
,administrator considers feasible and   
appropriate2 and  7,b7 subject to any   
other provision of this ,act1 have a    
chargeable risk premium rate that1 as   
determined by the ,administrator1       
accurately reflects the current risk of 
flood to such property and the          
deductible under such coverage pursuant 
to subparagraph 7,a74  4