,,ii  #aagth ,,congress  #ast ,session  
,s4 #bhcb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #bc1
 #bjba,mr4 ,lee 7for himself and ,mr4   
,scott of ,florida7 introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to prohibit the ,national      
,flood ,insurance ,program from         
providing flood insurance subsidies for 
single-family residences that are valued
 at more than #a1jjj1jjj1 and for other 
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,no ,,nfip          
,subsidies for ,millionaires ,act4  #b4 
,prohibition on flood insurance         
subsidies for single-family homes valued
 at over #a1jjj1jjj ,section #acjg of   
the ,national ,flood ,insurance ,act of 
#aifh 7#db ,u4,s4,c4 #djad7 is amended--
 7#a7 by redesignating subsection 7h7 as
 subsection 7i72 and  7#b7 by inserting 
after subsection 7g7 the following3  7h7
 ,prohibition on subsidies for          

single-,family homes valued at over     
#a1jjj1jjj ,the premium rate for flood  
insurance under this title for a        
property consisting of #a residence with
 an assessed value1 at the time of      
acquiring or renewing the flood         
insurance policy1 of more than          
#a1jjj1jjj-- 7#a7 shall be based on     
sound actuarial principles2 and  7#b7   
shall not be subject to any cap on the  
increase in the premium rate for flood  
insurance4  4