,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #ficd  ,,in ,,the ,,house ,,of  
,,representatives  ,december #cj1       
#bjbe,mr4 ,bresnahan 7for himself and   
,mr4 ,vindman7 introduced the following 
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to establish a means-tested    
assistance program for national flood   
insurance program policyholders1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,national     
,flood ,insurance ,program              
,affordability ,act4  #b4 ,means-tested 
assistance for national flood insurance 
program policyholders  7a7 ,in general  
,the ,administrator of the ,federal     
,emergency ,management ,agency shall1   
not later than #a year after the date of
 the enactment of this ,act1 establish a
 means-tested program under which the   
,administrator provides assistance to   
eligible policyholders in the form of   
graduated discounts for insurance costs 
with respect to covered properties4  7b7

 ,discounts ,the ,administrator shall   
use amounts provided under this section 
to establish graduated discounts        
available to eligible policyholders     
under this section1 with respect to     
covered properties1 such that the       
chargeable premium rate for an eligible 
policyholder that applies for assistance
 under this section may not exceed #a   
percent of the area median income for   
the area in which the property to which 
the policy applies is located4  7c7     
,application ,to receive assistance     
under this ,act1 an eligible            
policyholder shall submit an application
 to the ,administrator at such time1 in 
such manner1 and containing such        
information as the ,administrator may   
reasonably require and assistance will  
no longer be available when the amounts 
appropriated pursuant to subsection 7f7 
have been expended for a fiscal year4   
7d7 ,rulemaking and guidance ,not later 
than #a year after the date of the      
enactment of this ,act1 the             

,administrator shall issue such         
regulations and guidance as the         
,administrator determines necessary to  
carry out this ,act1 including a        
hardship metric for small businesses and
 not-for-profit entities to qualify for 
assistance under this ,act4  7e7 ,report
 ,not later than #a year after the date 
of the enactment of this section1 the   
,administrator shall submit to the      
,congress1 a report that-- 7#a7         
addresses the feasibility of making     
eligibility for assistance under the    
program established under this ,act     
based on a consideration of an eligible 
policyholder's principal1 interest1     
taxes1 and insurance instead of         
household income as a percent of area   
medium income2 and  7#b7 outlines how   
the ,administrator could use income     
eligibility for other ,federal programs 
to determine eligibility for            
participation in the program established
 under this ,act4  7f7 ,appropriation   
7#a7 ,in general ,there is appropriated1

 annually1 to the ,administrator1 out of
 any money in the ,treasury not         
otherwise appropriated1 #bej1jjj1jjj1 to
 carry out the program established by   
the ,administrator under subsection 7a74
  7#b7 ,expenditure requirement ,the    
,administrator shall1 each fiscal year1 
expend not less than #ie percent of the 
amount appropriated for such fiscal year
 under paragraph 7#a74  #c4 ,monthly    
installment payment for premiums ,not   
later than #ahj days after the date of  
enactment of this ,act1 the             
,administrator shall-- 7#a7 implement   
the requirement for monthly installment 
payments of premiums provided under     
section #acjh7;g7 of the ,national      
,flood ,insurance ,act of #aifh 7#db    
,u4,s4,c4 #djae7;g772 or  7#b7 submit to
 ,congress an explanation of the reasons
 why the ,administrator cannot implement
 the requirement described in paragraph 
7#a7 during that #ahj-;day period4  #d4 
,definitions ,in this ,act3 7#a7        
,administrator ,the term ,administrator 

means the ,administrator of the ,federal
 ,emergency ,management ,agency4  7#b7  
,covered property ,the term covered     
property means-- 7,a7 a primary         
residential dwelling2 or  7,b7 personal 
property relating to a dwelling         
described in subparagraph 7,a74  7#c7   
,eligible policyholder ,the term        
eligible policyholder means-- 7,a7 a    
person who-- 7i7 is a national flood    
insurance program policyholder on or    
after the date of the enactment of this 
,act2 and  7ii7 has a household income  
that is not more than #abj percent of   
the area median income for the area in  
which the property to which the policy  
applies is located2  7,b7 a business    
with not more than #ajj employees that--
 7i7 is a national flood insurance      
program policyholder on or after the    
date of the enactment of this ,act2 and 
7ii7 satisfies the hardship metric      
published by the ,administrator under   
section #b2 or  7,c7 a not-for-profit   
organization that-- 7i7 is a national   

flood insurance program policyholder on 
or after the date of the enactment of   
this ,act2 and  7ii7 satisfies the      
hardship metric published by the        
,administrator under section #b4  7#d7  
,insurance costs ,the term insurance    
costs means1 with respect to a covered  
property for a year-- 7,a7 risk premiums
 and fees estimated under section #acjg 
of the ,national ,flood ,insurance ,act 
of #aifh 7#db ,u4,s4,c4 #djad7 and      
charged under section #acjh of such ,act
 7#db ,u4,s4,c4 #djae72  7,b7 surcharges
 assessed under sections #acjd and      
#acjh;,a of such ,act 7#db ,u4,s4,c4    
#djaa1 #djae;a72 and  7,c7 any amount   
established under section #acaj;,a7c7 of
 such ,act 7#db ,u4,s4,c4 #djag;a74