,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #ifj  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,m>* #e1 #bjac ,mr4   
,grimm 7= himself1 ,mr4 ,k+ ( ,new      
,york1 ,mrs4 ,mc,carthy ( ,new ,york1 & 
,mr4 ,meeks7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,national ,flood ,insurance ,act (    
#aifh to provide relief f increas$ flood
 insurance premium rates = homes 9      
disa/] areas4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,flood ,victim ,premium
 ,relief ,act ( #bjac4  #b4 ,phase-9 (  
new premium rates = disa/] areas        
,subsection 7h7 ( section #acjh ( !     
,national ,flood ,insurance ,act ( #aifh
 7#db ,u4,s4,c4 #djae7;h77 is am5d$--   
7#a7 9 ! second s5t5ce1 by /rik+ ,any & 
ins]t+ ,except z provid$ 9 p>agraph     
7#b71 any2  7#b7 9 ! ?ird s5t5ce1 by    
/rik+ ,9 & ins]t+ ,except z provid$ 9   
p>agraph 7#b71 92  7#c7 by /rik+ !      
subsection designation & all t foll[s   
?r\gh 4--,not)/&+ & ins]t+ ! foll[+3    

7h7  ,premium adju/m5t ,to reflect      
curr5t risk ( flood  7#a7 ,9 g5]al      
,not)/&+  2 &  7#d7 by add+ at ! end !  
foll[+ new p>agraph3  7#b7 ,disa/] areas
  7,a7 ,limitation on rate increases ,9 
! case ( any cov]$ prop]ty1 any su*     
increase or new premium rate t becomes  
effective aft] ,july #f1 #bjab1 %all be 
phas$ 9 ov] an #h-ye> p]iod1 at ! rate (
 #e p]c5t = ea* ( ! fir/ #d ye>s ( su*  
p]iod & #bj p]c5t = ea* ( ! la/ #d ye>s 
( su* p]iod4  7,b7 ,cov]$ prop]ty ,=    
purposes ( subp>agraph 7,a71 ! t]m cov]$
 prop]ty means a resid5tial prop]ty t-- 
7i7 is locat$ )9 an area--  7,i7 = :i* a
 major disa/] 0 decl>$ pursuant to      
section #dja ( ! ,rob]t ,t4 ,/af=d      
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #eagj72 &  7,,ii7   
7aa7 = :i* revis$ or updat$ flood       
insurance rate maps become effective    
dur+ ! #b-ye> p]iod beg9n+ ^u !         
occurr5ce ( ! ev5t = :i* ! major disa/] 
decl>ation ref]r$ to 9 clause 7i77,i7 0 
made2 or  7bb7 t ^u ! date ( ! enactm5t 

( ! ,flood ,victim ,premium ,relief ,act
 ( #bjac is eligible = any reason =     
pref]r$ risk rate me?od premiums = flood
 insurance cov]age or t 0 eligible1 at  
any "t dur+ ! #ab-mon? p]iod end+ ^u !  
occurr5ce ( ! ev5t = :i* ! major disa/] 
decl>ation 0 made1 = pref]r$ risk rate  
me?od premiums2  7ii7 is own$ by ! same 
own] :o own$ ! prop]ty at ! "t ( !      
occurr5ce ( su* disa/] ev5t2 &  7iii7   
is1 & has be5 s9ce ! occurr5ce ( su*    
disa/] ev5t1 ! prim>y resid5ce ( su*    
own] except = any p]iods ( non-occupancy
 result+ f ! disa/]4  4