,i #aaeth ,,congress #b;d ,session ,h4 ,r4 #fdjb ,,in ,,the ,,house ,,of ,,representatives ,july #ag1 #bjah,mr4 ,royce of ,california 7for himself and ,mr4 ,blumenauer7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to extend the ,national ,flood ,insurance ,program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,national ,flood ,insurance ,program ,extension and ,enhanced ,consumer and ,community ,protections ,act of #bjah4 #b4 ,extension of ,national ,flood ,insurance ,program 7a7 ,financing ,section #acji7;a7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djaf7;a77 is amended by striking ,september #cj1 #bjag and inserting ,november #cj1 #bjah4 7b7 ,program expiration ,section #acai of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djbf7 is amended by striking ,september #cj1 #bjag and inserting ,november #cj1 #bjah4 #c4 ,community accountability for repetitively flooded areas 7a7 ,in general ,section #acfa of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #dajb7 is amended by adding at the end the following new subsection3 7e7 ,community accountability for repetitively damaged areas 7#a7 ,in general ,the ,administrator shall1 by regulation1 require any covered community 7as such term is defined in paragraph 7#e77-- 7,a7 to identify the areas within the community where properties described in paragraph 7#e77;,b7 or flood-damaged facilities are located to determine areas repeatedly damaged by floods and to assess1 with assistance from the ,administrator1 the continuing risks to such areas2 7,b7 to develop a community-specific plan for mitigating continuing flood risks to such repetitively flooded areas and to submit such plan and plan updates to the ,administrator at appropriate intervals2 7,c7 to implement such plans2 and 7,d7 to make such plan1 plan updates1 and reports on progress in reducing flood risk available to the public1 subject to section #eeb;a of title #e1 ,united ,states ,code4 7#b7 ,incorporation into existing plans ,plans developed pursuant to paragraph 7#a7 may be incorporated into mitigation plans developed under section #acff of this ,act 7#db ,u4,s4,c4 #dajd;c7 and hazard mitigation plans developed under section #cbb of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eafe74 7#c7 ,assistance to communities 7,a7 ,data ,to assist communities in preparation of plans required under paragraph 7#a71 the ,administrator shall1 upon request1 provide covered communities with appropriate data regarding the property addresses and dates of claims associated with insured properties within the community4 7,b7 ,mitigation grants ,in making determinations regarding financial assistance under the authorities of this ,act1 the ,administrator may consider the extent to which a community has complied with this subsection and is working to remedy problems with addressing repeatedly flooded areas4 7#d7 ,sanctions 7,a7 ,in general ,the ,administrator shall1 by regulations issued in accordance with the procedures established under section #eec of title #e1 ,united ,states ,code1 regarding substantive rules1 provide appropriate sanctions for covered communities that fail to comply with the requirements under this subsection or to make sufficient progress in reducing the flood risks to areas in the community that are repeatedly damaged by floods4 7,b7 ,notice ,before imposing any sanction pursuant to this paragraph1 the ,administrator shall provide the covered community involved with notice of the non-compliance that could result in the imposition of sanctions1 which shall include recommendations for actions to bring the covered community into compliance4 7,c7 ,considerations ,in determining appropriate sanctions to impose under this paragraph1 the ,administrator shall consider the resources available to the covered community involved1 including ,federal funding1 the portion of the covered community that lies within an area having special flood hazards1 and other factors that make it difficult for the covered community to conduct mitigation activities for existing flood-prone structures4 7#e7 ,covered community ,for purposes of this subsection1 the term covered community means a community-- 7,a7 that is participating1 pursuant to section #acae1 in the national flood insurance program2 and 7,b7 within which are located-- 7i7 #ej or more repetitive loss structures for each of which1 during any #aj-year period1 two or more claims for payments under flood insurance coverage have been made with a cumulative amount exceeding #a1jjj2 7ii7 #e or more severe repetitive loss structures 7as such term is defined in section #acff7;h77 for which mitigation activities meeting the standards for approval under section #acff7;c77#b77;,a7 have not been conducted2 or 7iii7 a public facility or a private nonprofit facility 7as such terms are as defined in section #ajb of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eabb771 that has received assistance for repair1 restoration1 reconstruction1 or replacement under section #djf of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagb7 in connection with more than one flooding event in the most recent #aj-year period4 7#f7 ,repetitive-loss structure ,for purposes of this subsection1 the term repetitive loss structure has the meaning given such term in section #acgj 7#db ,u4,s4,c4 #daba74 7#g7 ,reports to congress ,not later than the expiration of the #f-year period beginning upon the date of the enactment of this subsection1 and not less than every #b years thereafter1 the ,administrator shall submit a report to the ,congress regarding the progress in implementing plans developed pursuant to paragraph 7#a77;,b74 4 7b7 ,regulations ,the ,administrator of the ,federal ,emergency ,management ,agency shall issue regulations necessary to carry out subsection 7e7 of section #acfa of the ,national ,flood ,insurance ,act of #aifh1 as added by the amendment made by subsection 7a7 of this section1 not later than the expiration of the #ab-month period that begins on the date of the enactment of this ,act4 #d4 ,increased cost of compliance 7a7 ,in general ,section #acjd7;b7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djaa7;b77 is amended-- 7#a7 in paragraph 7#d71 by redesignating subparagraphs 7,a7 through 7,d7 as clauses 7i7 through 7iv71 respectively1 and adjusting the margins accordingly2 7#b7 by redesignating paragraphs 7#a7 through 7#d7 as subparagraphs 7,a7 through 7,d71 respectively1 and adjusting the margins accordingly2 7#c7 in the matter preceding subparagraph 7,a71 as so redesignated1 by striking ,the national and inserting the following3 7#a7 ,in general ,the national 2 7#d7 in paragraph 7#a71 as so designated-- 7,a7 in subparagraph 7,a71 as so redesignated1 by inserting 1 without regard to whether the property is in an area having special flood hazards after loss structures2 7,b7 in subparagraph 7,c71 as so redesignated1 by striking the period at the end and inserting a semicolon2 7,c7 in subparagraph 7,d71 as so redesignated-- 7i7 in the matter preceding clause 7i71 as so redesignated1 by inserting subject to paragraph 7#b71 before properties for which2 and 7ii7 in clause 7iv71 as so redesignated1 by striking the period at the end and inserting 2 and2 and 7,d7 by adding at the end the following3 7,e7 a property outside an area having special flood hazards if the community1 under section #acfa1 has established land use and control measures for the area in which the property is located4 2 and 7#e7 by striking the flush text following paragraph 7#a77;,e71 as added by paragraph 7#d77;,d7 of this subsection1 and inserting the following3 7#b7 ,use of funds for mitigation projects ,the ,administrator shall allow a policyholder to use insurance purchased under this subsection for any eligible project costs under a program described in clause 7i71 7ii71 or 7iii7 of paragraph 7#a77;,d7 of an acquisition1 demolition1 elevation1 relocation1 or small structural project funded under that program1 including-- 7,a7 asbestos remediation2 7,b7 the demolition of a driveway or sidewalk when a structure is acquired2 and 7,c7 the addition of a lift1 ramp1 or other device that is necessary for a homeowner or occupant with a physical limitation or disability to safely access a home that has been elevated4 7#c7 ,surcharges 7,a7 ,primary coverage ,the ,administrator shall impose a surcharge on each insured of an amount per policy that the ,administrator determines is appropriate in order to provide cost of compliance coverage in accordance with paragraph 7#d77;,a74 7,b7 ,enhanced coverage ,for each policy for flood insurance made available under this title with respect to which enhanced coverage is provided under paragraph 7#d77;,b71 the ,administrator shall impose a surcharge1 in addition to the surcharge imposed under subparagraph 7,a71 in an amount that the ,administrator determines appropriate4 7#d7 ,amount of coverage 7,a7 ,primary coverage ,each policy for flood insurance coverage made available under this title shall provide coverage under this subsection having an aggregate liability for any single property of #fj1jjj4 7,b7 ,enhanced coverage ,notwithstanding the limitation under subparagraph 7,a71 the ,administrator shall provide1 upon request by a policyholder1 enhanced coverage under this subsection having an aggregate liability for any single property in an amount that is not more than #ajj1jjj4 7#e7 ,treatment of coverage limits ,the purchase of insurance under this subsection with respect to a property shall not be counted for the purposes of any limitation on coverage with respect to that property under section #acjf7;b74 4 7b7 ,technical and conforming amendment ,not later than #a year after the date of enactment of this ,act1 the ,administrator of the ,federal ,emergency ,management ,agency shall amend the ,standard ,flood ,insurance ,policy set forth in appendix ,a to part #fa of title #dd1 ,code of ,federal ,regulations1 to conform the item relating to ,coverage ,d--,increased ,cost of ,compliance to the coverage limitations described in subparagraphs 7,a7 and 7,b7 of section #acjd7;b77#d7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djaa7;b77#d771 as added by subsection 7a77#e7 of this section4 #e4 ,monthly installment payment of premiums 7a7 ,authority ,subsection 7g7 of section #acjh of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djae7;g77 is amended-- 7#a7 by striking the subsection designation and all that follows through ,with respect and inserting the following3 7g7 ,frequency of premium collection 7#a7 ,options ,with respect 2 and 7#b7 by adding at the end the following3 7#b7 ,monthly installment payment of premiums 7,a7 ,exemption from rulemaking ,until such time as the ,administrator promulgates regulations implementing paragraph 7#a7 of this subsection1 the ,administrator may adopt policies and procedures1 notwithstanding any other provisions of law and in alignment and consistent with existing industry escrow and servicing standards1 necessary to implement such paragraph without undergoing notice and comment rulemaking and without conducting regulatory analyses otherwise required by statute1 regulation1 or ,executive order4 7,b7 ,pilot program ,the ,administrator may initially implement paragraph 7#a7 of this subsection as a pilot program that provides for a gradual phase-in of implementation4 7,c7 ,policyholder protection ,the ,administrator may-- 7i7 during the #ab-month period beginning on the date of the enactment of this subparagraph1 charge policyholders choosing to pay premiums in monthly installments a fee for the total cost of the monthly collection of premiums not to exceed #be annually2 and 7ii7 after the expiration of the #ab-month period referred to in clause 7i71 adjust the fee charged annually to cover the total cost of the monthly collection of premiums as determined by the report submitted pursuant to subparagraph 7,d74 7,d7 ,report ,not later than six months after the date of the enactment of this paragraph1 the ,comptroller ,general shall submit a report to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 that sets forth all of the costs associated with the monthly payment of premiums1 including any up-front costs associated with infrastructure development1 the impact on all policyholders including those that exercise the option to pay monthly and those that do not1 options for minimizing the costs1 particularly the costs to policyholders1 and the feasibility of adopting practices that serve to minimize costs to policyholders such as automatic payments and electronic payments4 7,e7 ,annual ,reports ,on an annual basis1 the ,administrator shall report to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate the ongoing costs associated with the monthly payment of premiums4 4 7b7 ,implementation ,clause 7ii7 of section #acjg7;a77#a77;,b7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djad7;a77#a77;,b77ii77 is amended by inserting before any administrative expenses the following3 the costs associated with the monthly collection of premiums provided for in section #acjh7;g7 7#db ,u4,s4,c4 #djae7;g771 but only if such costs exceed the operating costs and allowances set forth in clause 7i7 of this subparagraph1 and4 #f4 ,premium rates for certain mitigated properties 7a7 ,mitigation strategies ,paragraph 7#a7 of section #acfa7;d7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #dajb7;d77#a77 is amended-- 7#a7 in subparagraph 7,a71 by striking and at the end2 7#b7 in subparagraph 7,b71 by striking and at the end2 and 7#c7 by inserting after subparagraph 7,b7 the following new subparagraphs3 7,c7 with respect to buildings in dense urban environments1 methods that can be deployed on a block or neighborhood scale2 and 7,d7 elevation of mechanical systems2 and 4 7b7 ,mitigation credit ,subsection 7k7 of section #acjh of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djae7k77 is amended-- 7#a7 by striking shall take into account and inserting the following3 shall-- 7#a7 take into account 2 7#b7 in paragraph 7#a71 as so designated by the amendment made by paragraph 7#a7 of this subsection1 by striking the period at the end and inserting 2 and2 and 7#c7 by adding at the end the following new paragraph3 7#b7 offer a reduction of the risk premium rate charged to a policyholder1 as determined by the ,administrator1 if the policyholder implements any mitigation method described in paragraph 7#a74 4 #g4 ,provision of ,community ,rating ,system premium credits to maximum number of communities practicable ,subsection 7b7 of section #acae of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djbb7;b77 is amended-- 7#a7 in paragraph 7#b71 by striking may and inserting shall2 and 7#b7 in paragraph 7#c71 by inserting 1 and the ,administrator shall provide credits to the maximum number of communities practicable after under this program4 #h4 ,participation studies 7a7 ,federal entities for lending regulation 7#a7 ,in general ,the ,federal entities for lending regulation shall conduct an annual study regarding the rate at which persons who are subject to the mandatory purchase requirement are complying with that requirement4 7#b7 ,submission to ,congress ,the ,federal entities for lending regulation shall submit the result of each study conducted under paragraph 7#a7 to the appropriate committees of ,congress4 7b7 ,,fema 7#a7 ,in general ,the ,administrator of the ,federal ,emergency ,management ,agency shall conduct an annual study regarding the rate at which individuals who live in areas that have not been identified1 under the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djja et seq47 or the ,flood ,disaster ,protection ,act of #aigc 7#db ,u4,s4,c4 #djjb et seq471 as having a special flood hazard participate in1 or receive financial assistance under1 the ,national ,flood ,insurance ,program4 7#b7 ,submission to ,congress ,the ,administrator shall submit the result of each study conducted under paragraph 7#a7 to the appropriate committees of ,congress4 7c7 ,,gao 7#a7 ,in general ,the ,comptroller ,general of the ,united ,states shall conduct a study of the implementation and efficacy of the requirements of section #ajb of the ,flood ,disaster ,protection ,act of #aigc 7#db ,u4,s4,c4 #djab;a74 ,such study shall at minimum consider the following questions3 7,a7 ,how effectively do ,federal agencies1 regulated lending institutions1 and ,federal entities for lending regulation implement the requirements of section #ajb of the ,flood ,disaster ,protection ,act of #aigc8 7,b7 ,does the current implementation of ,flood ,disaster ,protection ,act of #aigc align with the congressional findings and purposes described in section #b7;b7 of such ,act 7#db ,u4,s4,c4 #djjb78 7,c7 ,what is the current level of compliance with section #ajb8 7,d7 ,what are the estimated historical impacts on revenue to the ,national ,flood ,insurance ,program based on the current level of compliance of section #ajb8 7,e7 ,is the current monitoring and tracking framework in place sufficient to ensure compliance with section #ajb8 7,f7 ,what is the best way to establish a consolidated1 comprehensive1 and accurate repository of data on compliance with section #ajb8 7,g7 ,what1 if any1 unintended consequences have resulted from the requirements and implementation of section #ajb8 7,h7 ,how can ,federal agencies and regulated lending institutions improve compliance with section #ajb8 7#b7 ,report ,not later than the expiration of the #ah-month period beginning on the date of the enactment of this ,act1 the ,comptroller ,general shall submit a report to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate regarding the findings and conclusions of the study conducted pursuant to this subsection4 #i4 ,disclosure of flood risk information upon transfer of property 7a7 ,in general ,chapter #a of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djaa et seq47 is amended by adding at the end the following new section3 #acbf4 ,disclosure of flood risk information upon transfer of property 7a7 ,requirement for participation in program ,after ,september #cj1 #bjbb1 no new flood insurance coverage may be provided under this title for any real property located in any area 7or subdivision thereof7 unless an appropriate body has imposed1 by statute or regulation1 a duty on any seller or lessor of improved real estate located in such area to provide to any purchaser or lessee of such property a property flood hazard disclosure which the ,administrator has determined meets the requirements of subsection 7b74 7b7 ,disclosure requirements ,a property flood hazard disclosure for a property shall meet the requirements of this subsection only if the disclosure-- 7#a7 is made in writing2 7#b7 discloses any actual knowledge of the seller or lessor of-- 7,a7 prior physical damage caused by flood to any building located on the property2 7,b7 prior insurance claims for losses covered under the ,national ,flood ,insurance ,program or private flood insurance with respect to such property2 7,c7 any previous notification regarding the designation of the property as a multiple loss property2 and 7,d7 any ,federal legal obligation to obtain and maintain flood insurance running with the property1 such as any obligation due to a previous form of disaster assistance under the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act received by any owner of the property2 and 7#c7 is delivered by or on behalf of the seller or lessor to the purchaser or lessee before such purchaser or lessee becomes obligated under any contract for purchase or lease of the property4 4 7b7 ,availability of flood insurance coverage ,subsection 7c7 of section #acje of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djab7;c77 is amended-- 7#a7 in paragraph 7#a71 by striking and at the end2 7#b7 in paragraph 7#b71 by striking the period at the end and inserting 2 and2 and 7#c7 by adding at the end the following new paragraph3 7#c7 given satisfactory assurance that by ,september #cj1 #bjbb1 property flood hazard disclosure requirements will have been adopted for the area that meet the requirements of section #acbf4 4 #aj4 ,,gao study regarding buyout practices 7a7 ,definitions ,in this section-- 7#a7 the term ,administrator means the ,administrator of the ,federal ,emergency ,management ,agency2 7#b7 the term appropriate committees of ,congress means-- 7,a7 the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate2 7,b7 the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate2 7,c7 the ,committee on ,financial ,services of the ,house of ,representatives2 and 7,d7 the ,committee on ,transportation and ,infrastructure of the ,house of ,representatives2 7#c7 the terms buyout practice and buyout program mean a practice or program1 as applicable1 under which the ,administrator provides assistance to ,state and local governments so that those entities may acquire flood-damaged properties committed to open space use in perpetuity in accordance with section #djd7;b77#b7 of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagj;c7b77#b772 7#d7 the term eligible property owner means a policyholder under the ,national ,flood ,insurance ,program with a household income that is not more than #abj percent of the mean household income for the community in which the primary residence of the policyholder is located2 7#e7 the term ,national ,flood ,insurance ,program means the program established under the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djja et seq472 7#f7 the term repetitive loss structure has the meaning given the term in section #acgj7;a7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #daba7;a772 and 7#g7 the term severe repetitive loss structure has the meaning given the term in section #acff7;h7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #dajd;c7h774 7b7 ,study required ,the ,comptroller ,general of the ,united ,states shall conduct a study to assess-- 7#a7 the efficacy of buyout practices1 as in effect on the date on which the study is conducted2 and 7#b7 ways to streamline the buyout practices described in paragraph 7#a7 in order to provide more timely assistance to a larger number of ,state and local governments4 7c7 ,considerations and analysis ,the study conducted under subsection 7b7 shall consider and analyze the following3 7#a7 ,to the extent possible1 current 7as of the date on which the study is conducted7 and future trends with respect to repetitive loss structures and severe repetitive loss structures that are insured under the ,national ,flood ,insurance ,program1 including1 with respect to both inland and coastal areas-- 7,a7 changes in flood risk1 flood frequency1 and flood magnitude since the inception of the ,national ,flood ,insurance ,program2 and 7,b7 projections for changes in flood risk1 flood frequency1 and flood magnitude by #bjbe1 #bjej1 and #bjge4 7#b7 ,to the extent possible1 buyout practices 7as of the date on which the study is conducted71 including-- 7,a7 the availability of funding sources for buyout programs through various grant programs2 7,b7 the total number of properties acquired though buyout programs2 7,c7 the average length of time for a ,state or local government to acquire a flood-damaged property under a buyout program1 with that period beginning on the date on which the ,state or local government1 as applicable1 begins participating in the buyout program2 7,d7 an estimate of the number of flood-damaged properties that could be acquired from willing property owners under buyout programs with the full cooperation of ,state and local governments2 7,e7 the socioeconomic status of recipients of buyouts under buyout programs2 and 7,f7 examples of successful buyout programs1 including best practices employed4 7#c7 ,administrative1 financial1 or temporal constraints that may impede the timely acquisition of properties under a buyout program1 including-- 7,a7 a lack of communication or cooperation between the ,administrator and the ,state and local governments that purchase properties under a buyout program2 7,b7 pressures to redevelop a property after acquiring a property through a buyout program2 and 7,c7 a lack of adequate funding4 7#d7 ,potential options1 methods1 and strategies to address the constraints identified under paragraph 7#c71 including evaluating the feasibility of-- 7,a7 a pilot program under which-- 7i7 an eligible property owner may agree1 before a flood event occurs1 to have the primary single-family residence of the eligible property owner purchased after the residence has been substantially damaged by a flood2 7ii7 the ,administrator may provide-- 7,i7 financial assistance to ,state and local governments that are willing to participate in the program to purchase and acquire the properties of owners that have incurred substantial damage from a flood event2 and 7,,ii7 a premium credit as an incentive to eligible property owners to agree to participate in the program2 7iii7 properties that are acquired-- 7,i7 shall be maintained as open space in accordance with section #djd7;b77#b7 of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagj;c7b77#b772 and 7,,ii7 may be used for non-structural mitigation1 conservation1 and recreational purposes2 and 7iv7 not fewer than #e and not more than #aj ,state and local governments shall participate2 and 7,b7 the role that nonprofit organizations could play in making buyouts more readily available or more efficient1 similar to the role that those organizations play in the acquisition of properties for conservation purposes4 7#e7 ,the ecological1 financial1 and flood risk reduction benefits that buyout practices1 as in effect on the date on which the study is conducted1 provide1 which shall-- 7,a7 take into account the differences between inland and coastal areas2 and 7,b7 include-- 7i7 examples in which ecosystem restoration and other nature-based approaches have enhanced the reduction of flood risk2 and 7ii7 recommendations for best practices4 7#f7 ,to the extent possible1 an assessment of how the ,administrator may use buyout programs to reduce future flood disaster recovery costs that are attributable to future projections of flood risk as a result of sea level rise1 population changes1 subsidence1 and other factors4 7#g7 ,a cost-benefit analysis of mitigation and buy-out projects and programs1 including an assessment of opportunities and challenges for leveraging different ,federal resources and funding to maximize the value of ,federal investment in disaster mitigation4 7d7 ,report 7#a7 ,in general ,not later than #a year after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall submit to the appropriate committees of ,congress and the ,administrator a report that sets forth the analysis1 conclusions1 and recommendations resulting from the study conducted under subsection 7b74 7#b7 ,contents ,the report submitted under paragraph 7#a7 shall detail the feasibility of the ,administrator establishing1 and the processes required for the ,administrator to establish1 an alternative buyout program1 such as the pilot program described in subsection 7c77#d77;,a74