#aae? ,,congress  #b;d ,session  ,h4 ,r4
 #ehdf  ,,an ,,act  ,to require !       
,comptroll] ,g5]al ( ! ,unit$ ,/ates to 
conduct a /udy reg>d+ ! buy\t practices 
( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 &
 = o!r purposes4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,promot+ ,flood    
,risk ,mitigation ,act4  #b4 ,,gao /udy 
reg>d+ buy\t practices  7a7 ,def9itions 
,9 ?is section--  7#a7 ! t]m            
,adm9i/rator means ! ,adm9i/rator ( !   
,f$]al ,em]g5cy ,managem5t ,ag5cy2  7#b7
 ! t]m appropriate committees (         
,congress means--  7,a7 ! ,committee on 
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate2  7,b7 ! ,committee on ,homel&   
,security & ,gov]nm5tal ,affairs ( !    
,s5ate2  7,c7 ! ,committee on ,f9ancial 
,s]vices ( ! ,h\se ( ,repres5tatives2 & 
7,d7 ! ,committee on ,transportation &  
,infra/ructure ( ! ,h\se (              
,repres5tatives2  7#c7 ! t]ms buy\t     
practice & buy\t program mean a practice
 or program1 z applicable1 "u :i* !     
,adm9i/rator provides assi/ance to ,/ate

 & local gov]nm5ts s t ^? entities may  
acquire flood-damag$ prop]ties committ$ 
to op5 space use 9 p]petuity 9          
accordance ) section #djd7;b77#b7 ( !   
,rob]t ,t4 ,/af=d ,disa/] ,relief &     
,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 
#eagj;c7b77#b772  7#d7 ! t]m eligible   
prop]ty own] means a policyhold] "u !   
,national ,flood ,insurance ,program ) a
 h\sehold income t is n m ?an #abj p]c5t
 ( ! mean h\sehold income = ! community 
9 :i* ! prim>y resid5ce ( ! policyhold] 
is locat$2  7#e7 ! t]m ,national ,flood 
,insurance ,program means ! program     
e/abli%$ "u ! ,national ,flood          
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#djja et seq472  7#f7 ! t]m repetitive  
loss /ructure has ! mean+ giv5 ! t]m 9  
section #acgj7;a7 ( ! ,national ,flood  
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#daba7;a772 &  7#g7 ! t]m sev]e         
repetitive loss /ructure has ! mean+    
giv5 ! t]m 9 section #acff7;h7 ( !      
,national ,flood ,insurance ,act ( #aifh
 7#db ,u4,s4,c4 #dajd;c7h774  7b7 ,/udy 

requir$ ,! ,comptroll] ,g5]al ( ! ,unit$
 ,/ates %all conduct a /udy to assess-- 
7#a7 ! efficacy ( buy\t practices1 z 9  
effect on ! date on :i* ! /udy is       
conduct$2 &  7#b7 ways to /reaml9e !    
buy\t practices describ$ 9 p>agraph 7#a7
 9 ord] to provide m timely assi/ance to
 a l>g] numb] ( ,/ate & local gov]nm5ts4
  7c7 ,consid]ations & analysis ,! /udy 
conduct$ "u subsection 7b7 %all consid] 
& analyze ! foll[+3 7#a7 ,to ! ext5t    
possible1 curr5t 7z ( ! date on :i* !   
/udy is conduct$7 & future tr5ds )      
respect to repetitive loss /ructures &  
sev]e repetitive loss /ructures t are   
insur$ "u ! ,national ,flood ,insurance 
,program1 includ+1 ) respect to bo? inl&
 & coa/al areas--  7,a7 *anges 9 flood  
risk1 flood frequ5cy1 & flood magnitude 
s9ce ! inception ( ! ,national ,flood   
,insurance ,program2 &  7,b7 projections
 = *anges 9 flood risk1 flood frequ5cy1 
& flood magnitude by #bjbe1 #bjej1 &    
#bjge4  7#b7 ,to ! ext5t possible1 buy\t
 practices 7z ( ! date on :i* ! /udy is 

conduct$71 includ+-- 7,a7 ! availability
 ( fund+ s\rces = buy\t programs ?r\gh  
v>i\s grant programs2  7,b7 ! total     
numb] ( prop]ties acquir$ ?\gh buy\t    
programs2  7,c7 ! av]age l5g? ( "t = a  
,/ate or local gov]nm5t to acquire a    
flood-damag$ prop]ty "u a buy\t program1
 ) t p]iod beg9n+ on ! date on :i* !    
,/ate or local gov]nm5t1 z applicable1  
beg9s p>ticipat+ 9 ! buy\t program2     
7,d7 an e/imate ( ! numb] ( flood-damag$
 prop]ties t c\ld be acquir$ f will+    
prop]ty own]s "u buy\t programs ) ! full
 coop]ation ( ,/ate & local gov]nm5ts2  
7,e7 ! socioeconomic /atus ( recipi5ts (
 buy\ts "u buy\t programs2 &  7,f7      
examples ( successful buy\t programs1   
includ+ be/ practices employ$4  7#c7    
,adm9i/rative1 f9ancial1 or temporal    
con/ra9ts t may imp$e ! timely          
acquisition ( prop]ties "u a buy\t      
program1 includ+--  7,a7 a lack (       
communication or coop]ation betwe5 !    
,adm9i/rator & ! ,/ate & local gov]nm5ts
 t pur*ase prop]ties "u a buy\t program2

  7,b7 pressures to r$evelop a prop]ty  
aft] acquir+ a prop]ty ?r\gh a buy\t    
program2 &  7,c7 a lack ( adequate      
fund+4  7#d7 ,pot5tial options1 me?ods1 
& /rategies to address ! con/ra9ts      
id5tifi$ "u p>agraph 7#c71 includ+      
evaluat+ ! feasibility (--  7,a7 a pilot
 program "u :i*-- 7i7 an eligible       
prop]ty own] may agree1 be=e a flood    
ev5t occurs1 to h ! prim>y s+le-family  
resid5ce ( ! eligible prop]ty own]      
pur*as$ aft] ! resid5ce has be5         
sub/antially damag$ by a flood2  7ii7 ! 
,adm9i/rator may provide-- 7,i7 f9ancial
 assi/ance to ,/ate & local gov]nm5ts t 
are will+ to p>ticipate 9 ! program to  
pur*ase & acquire ! prop]ties ( own]s t 
h incurr$ sub/antial damage f a flood   
ev5t2 &  7,,ii7 a premium cr$it z an    
inc5tive to eligible prop]ty own]s to   
agree to p>ticipate 9 ! program2  7iii7 
prop]ties t are acquir$--  7,i7 %all be 
ma9ta9$ z op5 space 9 accordance )      
section #djd7;b77#b7 ( ! ,rob]t ,t4     
,/af=d ,disa/] ,relief & ,em]g5cy       

,assi/ance ,act 7#db ,u4,s4,c4          
#eagj;c7b77#b772 &  7,,ii7 may be us$ = 
non-/ructural mitigation1 cons]vation1 &
 recreational purposes2 &  7iv7 n few]  
?an #e & n m ?an #aj ,/ate & local      
gov]nm5ts %all p>ticipate2 &  7,b7 !    
role t nonpr(it organizations c\ld play 
9 mak+ buy\ts m readily available or m  
effici5t1 simil> to ! role t ^?         
organizations play 9 ! acquisition (    
prop]ties = cons]vation purposes4  7#e7 
,! ecological1 f9ancial1 & flood risk   
r$uction b5efits t buy\t practices1 z 9 
effect on ! date on :i* ! /udy is       
conduct$1 provide1 :i* %all-- 7,a7 take 
into acc\nt ! diff]5ces betwe5 inl& &   
coa/al areas2 &  7,b7 include-- 7i7     
examples 9 :i* ecosy/em re/oration & o!r
 nature-bas$ approa*es h enhanc$ !      
r$uction ( flood risk2 &  7ii7          
recomm5dations = be/ practices4  7#f7   
,to ! ext5t possible1 an assessm5t ( h[ 
! ,adm9i/rator may use buy\t programs to
 r$uce future flood disa/] recov]y co/s 
t are attributable to future projections

 ( flood risk z a result ( sea level    
rise1 population *anges1 subsid5ce1 &   
o!r factors4  7#g7 ,a co/-b5efit        
analysis ( mitigation & buy-out projects
 & programs1 includ+ an assessm5t (     
opportunities & *all5ges = lev]ag+      
diff]5t ,f$]al res\rces & fund+ to      
maximize ! value ( ,f$]al inve/m5t 9    
disa/] mitigation4  7d7 ,report  7#a7 ,9
 g5]al ,n lat] ?an #a ye> aft] ! date ( 
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al ( ! ,unit$ ,/ates %all submit to 
! appropriate committees ( ,congress & !
 ,adm9i/rator a report t sets =? !      
analysis1 conclusions1 & recomm5dations 
result+ f ! /udy conduct$ "u subsection 
7b74  7#b7 ,cont5ts ,! report submitt$  
"u p>agraph 7#a7 %all detail !          
feasibility ( ! ,adm9i/rator e/abli%+1 &
 ! processes requir$ = ! ,adm9i/rator to
 e/abli%1 an alt]native buy\t program1  
su* z ! pilot program describ$ 9        
subsection 7c77#d77;,a74  ,pass$ ! ,h\se
 ( ,repres5tatives ,july #af1           
#bjah4;,cl]k4