,i #aaith ,,congress #ast ,session ,h4 ,r4 #cafa ,,in ,,the ,,house ,,of ,,representatives ,may #a1 #bjbe,mr4 ,murphy 7for himself1 ,ms4 ,pingree1 ,mr4 ,davis of ,north ,carolina1 ,mr4 ,rouzer1 and ,mr4 ,wittman7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to make protection against damage and loss resulting from the erosion and undermining of shorelines available under the ,national ,flood ,insurance ,program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,preventing ,environmental ,hazards ,act of #bjbe4 #b4 ,flood insurance coverage for structures on land subject to imminent collapse or subsidence 7a7 ,in general ,section #acjf of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djac7 is amended by adding at the end the following new subsection3 7e7 ,erosion coverage 7#a7 ,in general ,if any structure covered by a contract for flood insurance under this title and located on land that is along the shore of a lake or other body of water is condemned or deemed unsafe for habitation by a ,state or local authority due to imminent collapse or subsidence as a result of shoreline erosion or determined by a ,state or local authority to be situated partially or wholly over water1 a shoreline bluff1 or escarpment1 or below ,mean ,higher ,high ,water on tidal waterbodies 7regardless of whether as a result of long-term1 chronic erosion or as a result of waves or currents of water exceeding anticipated cyclical levels71 the ,administrator shall 7following final determination by the ,administrator that the claim is in compliance with regulations developed pursuant to paragraph 7#g77;,a77 pay amounts under such flood insurance contract for proper demolition or relocation as follows3 7,a7 ,demolition ,for proper demolition-- 7i7 following final determination by the ,administrator1 #dj percent of the value of the structure2 and 7ii7 following demolition of the structure 7including any septic containment system7 within #f months of payment under clause 7i7 and prior to collapse1 the remaining #fj percent of the value of the structure or the actual cost of demolition1 whichever amount is less4 7,b7 ,relocation ,for proper relocation 7including removal of any septic containment system7 if the owner chooses to relocate the structure1 following final determination by the ,administrator1 prior to collapse1 up to #dj percent of the value of the structure2 except that the total payment under this subparagraph shall not exceed the actual cost of relocation4 7#b7 ,collapse or subsidence ,if any structure subject to a final determination under paragraph 7#a7 collapses or subsides1 or a period of six or more months elapses1 before the owner demolishes or relocates the structure and the ,administrator determines that the owner has failed to take reasonable and prudent action to demolish or relocate the structure1 the ,administrator shall not pay more than the amount provided in paragraph 7#a77;,a77i7 with respect to the structure4 7#c7 ,value of structure ,for purposes of paying flood insurance pursuant to this subsection1 the value of a structure shall be whichever of the following is lowest3 7,a7 ,the fair market value of a comparable structure that is not subject to imminent collapse or subsidence4 7,b7 ,the price paid for the structure and any improvement to the structure1 as adjusted for inflation in accordance with an index determined by the ,administrator to be appropriate4 7,c7 ,the value of the structure under the flood insurance contract issued pursuant to this title4 7#d7 ,coverage terms 7,a7 ,maximum claim ,notwithstanding any provision of this subsection1 the amount paid under a flood insurance contract in connection with any claim under this subsection may not exceed the lesser of-- 7i7 the amount of coverage under the flood insurance contract for the structure2 or 7ii7 #bej1jjj4 7,b7 ,exclusion of loss of contents ,flood insurance coverage under this subsection shall not cover any loss of or damage to any contents of a structure4 7#e7 ,applicability 7,a7 ,in general ,the provisions of this subsection shall apply to contracts for flood insurance under this title that are in effect on1 or entered into after1 the date of the enactment of this subsection4 7,b7 ,coverage on certification date ,the provisions of this subsection shall not apply to any structure not subject to a contract for flood insurance under this title on the date of a certification under paragraph 7#a74 7,c7 ,period of coverage ,the provisions of this subsection shall not apply to any structure unless the structure is covered by a contract for flood insurance under this title-- 7i7 for a period of #ab months on or before the date of the enactment of this ,act2 or 7ii7 for a continuous period of #d years prior to certification under paragraph 7#a74 7#f7 ,termination of coverage ,for any structure that is subject to a final determination under paragraph 7#a71 no subsequent flood insurance coverage under this title or assistance under the ,disaster ,relief ,act of #aigd 7except emergency assistance essential to save lives and protect property1 public health and safety7 shall be available for the same structure1 or a different structure on any remaining portions of the parcel of land originally afforded assistance under this subsection4 7#g7 ,regulations 7,a7 ,in general ,the ,administrator shall promulgate regulations and guidelines to implement this subsection4 7,b7 ,applicability ,prior to issuance of regulations regarding the ,state and local certifications pursuant to paragraph 7#a71 all provisions of this subsection shall apply to any structure that-- 7i7 otherwise meets the requirements of this subsection2 and 7ii7 is imminently threatened by shoreline erosion1 regardless of whether as a result of long-term1 chronic erosion or as a result of waves or currents of water exceeding anticipated cyclical levels4 4 7b7 ,effective date ,the amendment made by this section shall become effective on the date of the enactment of this ,act4