,,ii  #aagth ,,congress  #b;d ,session  
,s4 #chbi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #ad1    
#bjbb,mr4 ,cassidy 7for himself1 ,mrs4  
,gillibrand1 and ,mr4 ,kennedy7         
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,banking1 ,housing1 and   
,urban ,affairs  ,a ,,bill  ,to require 
the ,administrator of the ,federal      
,emergency ,management ,agency to make  
publicly available information regarding
 the calculation of premiums under the  
,national ,flood ,insurance ,program1   
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,flood ,insurance ,pricing ,transparency
 ,act4  #b4 ,premium calculator  7a7    
,definitions ,in this section-- 7#a7 the
 term ,administrator means the          
,administrator of the ,federal          
,emergency ,management ,agency2  7#b7   
the term covered property means a       
property for which insurance is provided
 under the ,national ,flood ,insurance  

,program2  7#c7 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 and  7#d7 the 
term premium rates means chargeable     
premium rates prescribed under section  
#acjh of the ,national ,flood ,insurance
 ,act of #aifh 7#db ,u4,s4,c4 #djae74   
7b7 ,requirements ,the ,administrator   
shall-- 7#a7 not later than #fj days    
after the date of enactment of this     
,act1 make public all formulas used by  
the ,administrator to calculate the     
value of mitigation credits provided    
with respect to covered properties1     
including1 at a minimum1 credits for--  
7,a7 installing a flood opening2  7,b7  
elevating such a property onto a post1  
pile1 or pier2 and  7,c7 elevating      
machinery and equipment above the lowest
 floor of such a property2 and  7#b7 not
 later than #ij days after the date of  
enactment of this ,act1 establish a tool
 that allows members of the public to   

estimate premium rates for covered      
properties under the ,risk ,rating #b4j 
program 7or any similar methodology7    
within a reasonable margin of error     
based on user inputs1 which shall       
include a mechanism for determining how 
the premium rates for a covered property
 would change based on taking a         
particular mitigation action1 including 
an action described in subparagraph     
7,a71 7,b71 or 7,c7 of paragraph 7#a7   
with respect to the covered property4