,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #cafa  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #a1 #bjbe,mr4    
,murphy 7= himself1 ,ms4 ,p+ree1 ,mr4   
,davis ( ,nor? ,c>ol9a1 ,mr4 ,r\z]1 &   
,mr4 ,wittman7 introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to make 
protection aga9/ damage & loss result+ f
 ! erosion & und]m9+ ( %orel9es         
available "u ! ,national ,flood         
,insurance ,program1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,prev5t+ ,environm5tal ,haz>ds ,act ( 
#bjbe4  #b4 ,flood insurance cov]age =  
/ructures on l& subject to imm95t       
collapse or subsid5ce  7a7 ,9 g5]al     
,section #acjf ( ! ,national ,flood     
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#djac7 is am5d$ by add+ at ! end !      
foll[+ new subsection3  7e7 ,erosion    
cov]age  7#a7 ,9 g5]al ,if any /ructure 
cov]$ by a contract = flood insurance "u
 ?is title & locat$ on l& t is along !  
%ore ( a lake or o!r body ( wat] is     

condemn$ or deem$ unsafe = habitation by
 a ,/ate or local au?ority due to imm95t
 collapse or subsid5ce z a result (     
%orel9e erosion or det]m9$ by a ,/ate or
 local au?ority to be situat$ p>tially  
or :olly ov] wat]1 a %orel9e bluff1 or  
esc>pm5t1 or bel[ ,mean ,high] ,high    
,wat] on tidal wat]bodies 7reg>dless (  
:e!r z a result ( long-t]m1 *ronic      
erosion or z a result ( waves or curr5ts
 ( wat] exce$+ anticipat$ cyclical      
levels71 ! ,adm9i/rator %all 7foll[+    
f9al det]m9ation by ! ,adm9i/rator t !  
claim is 9 compliance ) regulations     
develop$ pursuant to p>agraph 7#g77;,a77
 pay am\nts "u su* flood insurance      
contract = prop] demolition or          
relocation z foll[s3 7,a7 ,demolition ,=
 prop] demolition--  7i7 foll[+ f9al    
det]m9ation by ! ,adm9i/rator1 #dj p]c5t
 ( ! value ( ! /ructure2 &  7ii7 foll[+ 
demolition ( ! /ructure 7includ+ any    
septic conta9m5t sy/em7 )9 #f mon?s (   
paym5t "u clause 7i7 & prior to         
collapse1 ! rema9+ #fj p]c5t ( ! value (

 ! /ructure or ! actual co/ (           
demolition1 :i*ev] am\nt is less4  7,b7 
,relocation ,= prop] relocation 7includ+
 removal ( any septic conta9m5t sy/em7  
if ! own] *ooses to relocate ! /ructure1
 foll[+ f9al det]m9ation by !           
,adm9i/rator1 prior to collapse1 up to  
#dj p]c5t ( ! value ( ! /ructure2 except
 t ! total paym5t "u ?is subp>agraph    
%all n exce$ ! actual co/ ( relocation4 
7#b7 ,collapse or subsid5ce ,if any     
/ructure subject to a f9al det]m9ation  
"u p>agraph 7#a7 collapses or subsides1 
or a p]iod ( six or m mon?s elapses1    
be=e ! own] demoli%es or relocates !    
/ructure & ! ,adm9i/rator det]m9es t !  
own] has fail$ to take reasonable &     
prud5t action to demoli% or relocate !  
/ructure1 ! ,adm9i/rator %all n pay m   
?an ! am\nt provid$ 9 p>agraph          
7#a77;,a77i7 ) respect to ! /ructure4   
7#c7 ,value ( /ructure ,= purposes (    
pay+ flood insurance pursuant to ?is    
subsection1 ! value ( a /ructure %all be
 :i*ev] ( ! foll[+ is l[e/3 7,a7 ,! fair

 m>ket value ( a comp>able /ructure t is
 n subject to imm95t collapse or        
subsid5ce4  7,b7 ,! price paid = !      
/ructure & any improvem5t to ! /ructure1
 z adju/$ = inflation 9 accordance ) an 
index det]m9$ by ! ,adm9i/rator to be   
appropriate4  7,c7 ,! value ( ! /ructure
 "u ! flood insurance contract issu$    
pursuant to ?is title4  7#d7 ,cov]age   
t]ms  7,a7 ,maximum claim ,not)/&+ any  
provision ( ?is subsection1 ! am\nt paid
 "u a flood insurance contract 9        
connection ) any claim "u ?is subsection
 may n exce$ ! less] (-- 7i7 ! am\nt (  
cov]age "u ! flood insurance contract = 
! /ructure2 or  7ii7 #bej1jjj4  7,b7    
,exclusion ( loss ( cont5ts ,flood      
insurance cov]age "u ?is subsection %all
 n cov] any loss ( or damage to any     
cont5ts ( a /ructure4  7#e7             
,applicability  7,a7 ,9 g5]al ,!        
provisions ( ?is subsection %all apply  
to contracts = flood insurance "u ?is   
title t are 9 effect on1 or ent]$ into  
aft]1 ! date ( ! enactm5t ( ?is         

subsection4  7,b7 ,cov]age on           
c]tification date ,! provisions ( ?is   
subsection %all n apply to any /ructure 
n subject to a contract = flood         
insurance "u ?is title on ! date ( a    
c]tification "u p>agraph 7#a74  7,c7    
,p]iod ( cov]age ,! provisions ( ?is    
subsection %all n apply to any /ructure 
unless ! /ructure is cov]$ by a contract
 = flood insurance "u ?is title-- 7i7 = 
a p]iod ( #ab mon?s on or be=e ! date ( 
! enactm5t ( ?is ,act2 or  7ii7 = a     
cont9u\s p]iod ( #d ye>s prior to       
c]tification "u p>agraph 7#a74  7#f7    
,t]m9ation ( cov]age ,= any /ructure t  
is subject to a f9al det]m9ation "u     
p>agraph 7#a71 no subsequ5t flood       
insurance cov]age "u ?is title or       
assi/ance "u ! ,disa/] ,relief ,act (   
#aigd 7except em]g5cy assi/ance ess5tial
 to save lives & protect prop]ty1 public
 heal? & safety7 %all be available = !  
same /ructure1 or a diff]5t /ructure on 
any rema9+ portions ( ! p>cel ( l&      
orig9ally af=d$ assi/ance "u ?is        

subsection4  7#g7 ,regulations  7,a7 ,9 
g5]al ,! ,adm9i/rator %all promulgate   
regulations & guidel9es to implem5t ?is 
subsection4  7,b7 ,applicability ,prior 
to issuance ( regulations reg>d+ ! ,/ate
 & local c]tifications pursuant to      
p>agraph 7#a71 all provisions ( ?is     
subsection %all apply to any /ructure   
t--  7i7 o!rwise meets ! requirem5ts (  
?is subsection2 &  7ii7 is imm95tly     
?reat5$ by %orel9e erosion1 reg>dless ( 
:e!r z a result ( long-t]m1 *ronic      
erosion or z a result ( waves or curr5ts
 ( wat] exce$+ anticipat$ cyclical      
levels4  4  7b7 ,effective date ,!      
am5dm5t made by ?is section %all become 
effective on ! date ( ! enactm5t ( ?is  
,act4