,,ii  #aahth ,,congress  #ast ,session  
,s4 #gba  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #h1          
#bjbc,mrs4 ,hyde-,smith 7for herself1   
,mr4 ,cruz1 ,mr4 ,kennedy1 and ,mr4     
,cassidy7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,banking1 ,housing1   
and ,urban ,affairs  ,a ,,bill  ,to     
permit policyholders under the ,national
 ,flood ,insurance ,program to elect to 
have previous premium rates remain in   
effect until the ,administrator of the  
,federal ,emergency ,management ,agency 
satisfies certain conditions1 and for   
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,homeowner     
,flood ,insurance ,transparency and     
,protection ,act4  #b4 ,chargeable      
premium rates  7a7 ,definitions ,in this
 section-- 7#a7 the term ,administrator 
means the ,administrator of the ,federal
 ,emergency ,management ,agency2 and    
7#b7 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 seq474  7b7 ,option for        
policyholders  7#a7 ,in general         
,notwithstanding section #acjh of the   
,national ,flood ,insurance ,act of     
#aifh 7#db ,u4,s4,c4 #djae71 a          
policyholder under the ,national ,flood 
,insurance ,program may elect to have   
the chargeable premium rate for the     
applicable property of the policyholder1
 as in effect on ,april #a1 #bjbj1 apply
 and remain in effect during the period 
beginning on the date of enactment of   
this ,act and ending on the date on     
which the ,administrator completes all  
of the actions described in subsection  
7c71 without regard to the chargeable   
premium rate that is in effect for that 
property1 as of the day before the date 
of enactment of this ,act4  7#b7        
,notification requirement ,the          
,administrator shall provide each       
policyholder under the ,national ,flood 
,insurance ,program a notification      

regarding the right of the policyholder 
under paragraph 7#a74  7c7 ,required    
actions ,the actions of the             
,administrator described in this        
subsection are as follows3 7#a7 ,makes  
available to the public all data and    
methods used to prescribe chargeable    
premium rates for types and classes of  
properties for which insurance coverage 
is available under the ,national ,flood 
,insurance ,act of #aifh 7#db ,u4,s4,c4 
#djja et seq47 7referred to in this     
subsection as chargeable premium rates7 
under ,risk ,rating #b4j1 or any        
substantially similar methodology4  7#b7
 ,creates an online database that is    
available to policyholders under the    
,national ,flood ,insurance ,program    
that provides each such policyholder    
with information regarding what the     
chargeable premium rate for the         
applicable property of the policyholder 
would be-- 7,a7 under ,risk ,rating     
#b4j1 or any substantially similar      
methodology2 and  7,b7 assuming that the

 limitation under section #acjh7;e7 of  
the ,national ,flood ,insurance ,act of 
#aifh 7#db ,u4,s4,c4 #djae7;e77 were not
 in effect4  7#c7 ,completes and        
publishes a comprehensive assessment of 
the economic and social impacts of      
implementing ,risk ,rating #b4j 7or any 
substantially similar methodology7      
during the #bj-year period beginning in 
the year in which the assessment is     
made1 which shall include an evaluation 
of the effect that such implementation  
will have1 during that #bj-year period1 
on-- 7,a7 the affordability and         
availability of flood insurance under   
the ,national ,flood ,insurance         
,program2  7,b7 property values2 and    
7,c7 non-,federal ,government revenues4 
7#d7 ,supplements 7and revises1 as      
appropriate7 the ,record of ,decision   
for the final nationwide programmatic   
environmental impact statement          
evaluating the environmental impacts of 
proposed modifications to the ,national 
,flood ,insurance ,program 7#hc ,fed4   

,reg4 #bdcbh7 to include the impacts of 
implementing ,risk ,rating #b4j1 or any 
substantially similar methodology4  7#e7
 ,demonstrates that the data and methods
 used to prescribe chargeable premium   
rates under ,risk ,rating #b4j1 or any  
substantially similar methodology1      
satisfy the requirements under section  
#eae of the ,consolidated               
,appropriations ,act1 #bjja 7,public    
,law #ajf-eed2 #aad ,stat4              
#bgfc;,a-#aec71 including that1 in      
implementing that methodology1 the      
,administrator ensures and maximizes the
 quality1 objectivity1 utility1 and     
integrity of information disseminated by
 the ,administrator4  7#f7 ,conducts    
public notice and comment rule making   
under chapter #e of title #e1 ,united   
,states ,code1 regarding ,risk ,rating  
#b4j1 or any substantially similar      
methodology1 which shall include the    
development of a fair1 transparent1 and 
streamlined process to manage-- 7,a7    
disputes over chargeable premium rates2 

and  7,b7 other factors with respect to 
the implementation of that methodology4 
7#g7 ,for each county in the ,united    
,states1 publishes the distribution of  
chargeable premium rates showing the    
median1 mean1 lower and upper quartiles1
 maximum amount1 and minimum amount of  
chargeable premium rates under each of  
the following3 7,a7 ,the method used to 
prescribe chargeable premium rates1 as  
of ,september #cj1 #bjba4  7,b7 ,the    
methodology projected to be used to     
prescribe chargeable premium rates1 as  
of ,april #a1 #bjbb1 assuming that the  
limitations under section #acjh7;e7 of  
the ,national ,flood ,insurance ,act of 
#aifh 7#db ,u4,s4,c4 #djae7;e77 are     
applied4  7,c7 ,the methodology         
described in subparagraph 7,b71 assuming
 that the limitations described in that 
subparagraph are not applied4  7,d7 ,the
 methodology described in subparagraph  
7,b71 assuming that-- 7i7 the           
limitations described in that           
subparagraph are applied2 and  7ii7 the 

administrative costs of the ,national   
,flood ,insurance ,program are allocated
 on a uniform1 per contract basis rather
 than as allocated under ,risk ,rating  
#b4j1 or any substantially similar      
methodology4  7,e7 ,the methodology     
described in subparagraph 7,b71 assuming
 that-- 7i7 the limitations described in
 that subparagraph are not applied2 and 
7ii7 the administrative costs of the    
,national ,flood ,insurance ,program are
 allocated on a uniform1 per contract   
basis rather than as allocated under    
,risk ,rating #b4j1 or any substantially
 similar methodology4  7#h7 ,submits to 
the ,committee on ,banking1 ,housing1   
and ,urban ,affairs of the ,senate and  
the ,committee on ,financial ,services  
of the ,house of ,representatives a     
report detailing the satisfaction of the
 requirements under paragraphs 7#a7     
through 7#g74