,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dcac  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bf1 #bjad ,mr4  
,jolly 7= himself1 ,mr4 ,bilirakis1 &   
,ms4 ,ca/or ( ,florida7 introduc$ !     
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to ensure fairness 9 premium   
rates = cov]age = bus9ess prop]ties &   
second homes "u ! ,national ,flood      
,insurance ,program1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,flood ,insurance ,premium ,p>ity ,act
 ( #bjad4  #b4 ,repeal ( c]ta9 rate     
increases  7a7 ,repeal ( prohibition on 
subsidiz$ rates ,p>agraph 7#b7 ( section
 #acjg7;a7 ( ! ,national ,flood         
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#djad7 is am5d$--  7#a7 9 subp>agraph   
7,a7--  7,a7 by /rik+ :i* is n & ins]t+ 
t is nei!r2 &  7,b7 by ins]t+ be=e !    
semicolon at ! end ! foll[+3 nor !      
second>y resid5ce ( ! own] ( ! prop]ty1 
& ! ,adm9i/rator %all e/abli% /&>ds = a 
resid5tial prop]ty to qualify = purposes

 ( ?is subp>agraph z a second>y resid5ce
 t %all 7,a7 require ! own] ( ! prop]ty 
to occupy ! prop]ty = a m9imum p]iod (  
"t ea* ye>1 z ! ,adm9i/rator det]m9es   
appropriate1 & 7,b7 provide t only a    
s+le prop]ty ( any own] may s qualify2  
7#b7 9 subp>agraph 7,c71 by ins]t+ or   
aft] ! semicolon at ! end2  7#c7 by     
/rik+ subp>agraph 7,d72 &  7#d7 by      
r$esignat+ subp>agraph 7,e7 z           
subp>agraph 7,d74  7b7 ,con=m+ am5dm5ts 
relat+ to limitation on annual rate     
increases ,p>agraph 7#d7 ( section      
#acjh7;e7 ( ! ,national ,flood          
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#djae7;e77#d771 z am5d$ by section #e ( 
,public ,law #aac-hi1 is am5d$ by /rik+ 
7,a7 ?r\gh 7,e7 & ins]t+ 7,a7 ?r\gh     
7,d74  7c7 ,implem5tation  7#a7         
,effective date ,! ,adm9i/rator ( !     
,f$]al ,em]g5cy ,managem5t ,ag5cy 79 ?is
 subsection ref]r$ to z ! ,adm9i/rator7 
%all make available su* rate tables1 z  
necess>y to implem5t ! am5dm5ts made by 
subsections 7a7 & 7b7 z if su*          

subsections 7 enact$ z "p ( !           
,bigg]t-,wat]s ,flood ,insurance ,re=m  
,act ( #bjab 7,public ,law #aab-ada2    
#abf ,/at4 #ieg74  7#b7 ,implem5tation1 
coord9ation1 & guidance  7,a7           
,facilitation ( timely refunds ,to      
ensure ! p>ticipation ( ,write ,y\r ,own
 companies 7z su* t]m is def9$ 9 section
 #ajjbjb7;a7 ( ! ,bigg]t-,wat]s ,flood  
,insurance ,re=m ,act ( #bjab 7#db      
,u4,s4,c4 #djjd7;a771 ! ,adm9i/rator & !
 ,f$]al ,em]g5cy ,managem5t ,ag5cy %all 
consult ) ,write ,y\r ,own companies    
?r\gh\t ! developm5t ( guidance & rate  
tables necess>y to implem5t ! am5dm5ts  
made by subsections 7a7 & 7b74  7,b7    
,implem5tation & guidance ,!            
,adm9i/rator %all issue f9al guidance & 
rate tables necess>y to implem5t !      
am5dm5ts made by subsections 7a7 & 7b7 n
 lat] ?an eight mon?s foll[+ ! date ( ! 
enactm5t ( ?is ,act4 ,write ,y\r ,own   
companies1 9 coord9ation ) ! ,f$]al     
,em]g5cy ,managem5t ,ag5cy1 %all h n    
less ?an six mon?s b n m ?an eight mon?s

 foll[+ ! issuance ( su* f9al guidance &
 rate tables to implem5t ! *anges       
requir$ by su* f9al guidance & rate     
tables4  7,c7 ,refund ( excess premium  
*>ges collect$ ,! ,adm9i/rator %all     
refund directly to insur$s any premiums 
= flood insurance cov]age "u ! ,national
 ,flood ,insurance ,program collect$ 9  
excess ( ! rates requir$ "u ! am5dm5ts  
made by subsections 7a7 & 7b74 ,to all[ 
= necess>y & appropriate implem5tation (
 su* am5dm5ts1 any premium *anges       
necess>y to implem5t su* am5dm5ts1      
includ+ any su* premium refund due to   
policy hold]s1 :i* %all be paid directly
 by ! ,national ,flood ,insurance       
,program1 %all n be *>g$ or paid to     
policyhold]s by ! ,national ,flood      
,insurance ,program until aft] !        
,adm9i/rator issues guidance & makes    
available su* rate tables to implem5t ! 
am5dm5ts made by subsections 7a7 & 7b74