,,ib  ,union ,cal5d> ,no4 #adh  #aae?   
,,congress  #a/ ,session  ,h4 ,r4 #bhfh 
,report ,no4 #aae-baa  ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,june #h1 #bjag   
,mr4 ,zeld9 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,july #aa1 #bjag;,additional  
sponsors3 ,mrs4 ,c>olyn ,b4 ,maloney (  
,new ,york & ,ms4 ,slaught]  ,july #aa1 
#bjag ,committ$ to ! ,committee ( !     
,:ole ,h\se on ! ,/ate ( ! ,union &     
ord]$ to be pr9t$  ,a ,,bill  ,to       
protect ,national ,flood ,insurance     
,program policyhold]s f unreasonable    
premium rates & to require ! ,program to
 consid] ! unique *>act]i/ics ( urban   
prop]ties1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,national ,flood ,insurance ,program    
,policyhold] ,protection ,act ( #bjag4  
#b4 ,cap on premiums ,p>agraph 7#a7 (   
section #acjh7;e7 ( ! ,national ,flood  
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#djae7;e77#a77 is am5d$--  7#a7 by /rik+
 except -- & ins]t+ except z provid$ 9  

p>agraph 7#d72 &2  7#b7 by /rik+        
subp>agraphs 7,a7 & 7,b72  7#c7 9       
subp>agraph 7,c7-- 7,a7 9 clause 7ii71  
by r$esignat+ subclauses 7,i7 & 7,,ii7 z
 items 7aa7 & 7bb71 respectively2  7,b7 
by r$esignat+ clauses 7i7 ?r\gh 7iii7 z 
subclauses 7,i7 ?r\gh 7,,iii71          
respectively2 &  7,c7 by /rik+ 7,c7 9 ! 
case ( a prop]ty t-- & ins]t+ ! foll[+3 
7,b7 ,! limitations "u clauses 7i7 &    
7ii7 ( subp>agraph 7,a7 %all n apply 9 !
 case (-- 7i7 a prop]ty id5tifi$ "u     
section #acjg7;g72 or  7ii7 a prop]ty   
t--  2  7#d7 by /rik+ "u ?is title = any
 prop]ty & ins]t+ ! foll[+3  "u ?is     
title-- 7i7 = any prop]ty  2  7#e7 by   
ins]t+ 7,a7 subject to subp>agraph 7,b71
 aft] ! p>agraph designation2 &  7#f7 by
 ins]t+ be=e subp>agraph 7,b71 z s      
r$esignat$ by ! am5dm5t made by p>agraph
 7#c77;,c7 ( ?is section1 ! foll[+ new  
clause3  7ii7 = any resid5tial prop]ty  
hav+ #d or few] resid5ces & = :i* a     
valid ,national ,flood ,insurance       
,program ,elevation ,c]tificate has be5 

fil$ ) ! ,national ,flood ,insurance    
,program )9 ! proce$+ cal5d> ye>1 may n 
exce$ #aj1jjj 9 any s+le ye>1 except t  
su* am\nt 7z x may h be5 previ\sly      
adju/$7 %all be adju/$ = inflation by ! 
,adm9i/rator ^u ! expiration ( ! #e-ye> 
p]iod beg9n+ ^u ! enactm5t ( ! ,national
 ,flood ,insurance ,program ,policyhold]
 ,protection ,act ( #bjag & ^u !        
expiration ( ea* successive #e-ye> p]iod
 !reaft]1 9 accordance ) an inflation>y 
index select$ by ! ,adm9i/rator4  4  #c4
 ,premium rates = c]ta9 mitigat$        
prop]ties  7a7 ,mitigation /rategies    
,p>agraph 7#a7 ( section #acfa7;d7 ( !  
,national ,flood ,insurance ,act ( #aifh
 7#db ,u4,s4,c4 #dajb7;d77#a77 is       
am5d$--  7#a7 9 subp>agraph 7,a71 by    
/rik+ & at ! end2  7#b7 9 subp>agraph   
7,b71 by /rik+ & at ! end2 &  7#c7 by   
ins]t+ aft] subp>agraph 7,b7 ! foll[+   
new subp>agraphs3  7,c7 ) respect to    
build+s 9 d5se urban environm5ts1 me?ods
 t c be deploy$ on a block or           
neighborhood scale2 &  7,d7 elevation ( 

me*anical sy/ems2 &  4  7b7 ,mitigation 
cr$it ,subsection 7k7 ( section #acjh ( 
! ,national ,flood ,insurance ,act (    
#aifh 7#db ,u4,s4,c4 #djae7k77 is       
am5d$--  7#a7 by /rik+ %all take into   
acc\nt & ins]t+ ! foll[+3 %all-- 7#a7   
take into acc\nt  2  7#b7 9 p>agraph    
7#a71 z s designat$ by ! am5dm5t made by
 p>agraph 7#a7 ( ?is subsection1 by     
/rik+ ! p]iod at ! end & ins]t+ 2 &2 &  
7#c7 by add+ at ! end ! foll[+ new      
p>agraph3  7#b7 (f] a r$uction ( ! risk 
premium rate *>g$ to a policyhold]1 z   
det]m9$ by ! ,adm9i/rator1 if !         
policyhold] implem5ts any mitigation    
me?od describ$ 9 p>agraph 7#a74  4  #d4 
,/udy ( flood insurance cov]age = units 
9 coop]ative h\s+ ,! ,adm9i/rator ( !   
,f$]al ,em]g5cy ,managem5t ,ag5cy %all  
conduct a /udy to analyze & det]m9e !   
feasibility ( provid+ flood insurance   
cov]age "u ! ,national ,flood ,insurance
 ,program "u ! ,national ,flood         
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#djja et seq47 = individual dwell+ units

 9 coop]ative h\s+ projects4 ,n lat] ?an
 ! expiration ( ! #bd-mon? p]iod beg9n+ 
on ! date ( ! enactm5t ( ?is ,act1 !    
,adm9i/rator %all submit a report to !  
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate reg>d+ ! f9d+s & conclusions ( ! 
/udy conduct$ pursuant to ?is section1  
:i* %all include a plan sett+ =?        
specific actions to implem5t !          
developm5t ( su* flood insurance        
cov]age4  ,july #aa1 #bjag ,committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union & ord]$ to be pr9t$