,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #cadf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #e1 #bjai,mr4   
,david ,scott ( ,georgia 7= himself &   
,mr4 ,duffy7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
provide = ! mon?ly in/allm5t paym5t (   
premiums = cov]age "u ! ,national ,flood
 ,insurance ,program1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,fair ,flood ,insurance ,act ( #bjai4 
#b4 ,mon?ly in/allm5t paym5t ( premiums 
7a7 ,au?ority ,subsection 7g7 ( section 
#acjh ( ! ,national ,flood ,insurance   
,act ( #aifh 7#db ,u4,s4,c4 #djae7;g77  
is am5d$--  7#a7 by /rik+ ! subsection  
designation & all t foll[s ?r\gh ,)     
respect & ins]t+ ! foll[+3  7g7         
,frequ5cy ( premium collection  7#a7    
,options ,) respect  2 &  7#b7 by add+  
at ! end ! foll[+3  7#b7 ,mon?ly        
in/allm5t paym5t ( premiums  7,a7       
,exemption f rulemak+ ,until su* "t z ! 
,adm9i/rator promulgates regulations    

implem5t+ p>agraph 7#a7 ( ?is           
subsection1 ! ,adm9i/rator may adopt    
policies & proc$ures1 not)/&+ any o!r   
provisions ( law & 9 alignm5t & consi/5t
 ) exi/+ indu/ry escr[ & s]vic+ /&>ds1  
necess>y to implem5t su* p>agraph )\t   
und]go+ notice & comm5t rulemak+ & )\t  
conduct+ regulatory analyses o!rwise    
requir$ by /atute1 regulation1 or       
,executive ord]4  7,b7 ,pilot program ,!
 ,adm9i/rator may initially implem5t    
p>agraph 7#a7 ( ?is subsection z a pilot
 program t provides = a gradual phase-9 
( implem5tation4  7,c7 ,policyhold]     
protection ,! ,adm9i/rator may-- 7i7    
dur+ ! #ab-mon? p]iod beg9n+ on ! date (
 ! enactm5t ( ?is p>agraph1 *>ge        
policyhold]s *oos+ to pay premiums 9    
mon?ly in/allm5ts a fee = ! total co/ ( 
! mon?ly collection ( premiums n to     
exce$ #be annually2 &  7ii7 aft] !      
expiration ( ! #ab-mon? p]iod ref]r$ to 
9 clause 7i71 adju/ ! fee *>g$ annually 
to cov] ! total co/ ( ! mon?ly          
collection ( premiums z det]m9$ by !    

report submitt$ pursuant to subp>agraph 
7,d74  7,d7 ,report ,n lat] ?an six     
mon?s aft] ! date ( ! enactm5t ( ?is    
p>agraph1 ! ,comptroll] ,g5]al %all     
submit a report to ! ,committee on      
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate1 t sets =? all ( ! co/s associat$
 ) ! mon?ly paym5t ( premiums1 includ+  
any up-front co/s associat$ )           
infra/ructure developm5t1 ! impact on   
all policyhold]s includ+ ^? t ex]cise ! 
option to pay mon?ly & ^? t d n1 options
 = m9imiz+ ! co/s1 p>ticul>ly ! co/s to 
policyhold]s1 & ! feasibility ( adopt+  
practices t s]ve to m9imize co/s to     
policyhold]s su* z automatic paym5ts &  
electronic paym5ts4  7,e7 ,annual       
reports ,on an annual basis1 !          
,adm9i/rator %all report to ! ,committee
 on ,f9ancial ,s]vices ( ! ,h\se (      
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate ! ongo+ co/s associat$ ) ! mon?ly

 paym5t ( premiums4  4  7b7             
,implem5tation ,clause 7ii7 ( section   
#acjg7;a77#a77;,b7 7#db ,u4,s4,c4       
#djad7;a77#a77;,b77ii77 is am5d$ by     
ins]t+ be=e any adm9i/rative exp5ses !  
foll[+3 ! co/s associat$ ) ! mon?ly     
collection ( premiums provid$ = 9       
section #acjh7;g7 7#db ,u4,s4,c4        
#djae7;g771 b only if su* co/s exce$ !  
op]at+ co/s & all[ances set =? 9 clause 
7i7 ( ?is subp>agraph1 &4