,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ijef  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #bi1 #bjbf,mr4   
,g>b>9o 7= himself & ,mr4 ,meeks7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to direct ! ,adm9i/rator ( !   
,f$]al ,em]g5cy ,managem5t ,ag5cy to    
all[ c]ta9 recipi5ts ( ! ,flood         
,mitigation ,assi/ance ,grant1 & o!r    
grants1 to be us$ = ! paym5t ( premiums 
= a community-bas$1 p>ametric flood     
insurance policy1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,community ,flood ,resili5ce ,act4  #b4 
,s5se ( ,congress ,x is ! s5se ( !      
,congress t--  7#a7 _m communities )    
significant flood risk cont9ue to       
exp]i5ce *ronically l[ p>ticipation 9 ! 
,national ,flood ,insurance ,program1   
leav+ h\seholds & small bus9esses       
f9ancially vuln]able to flood ev5ts &   
increas+ reliance on po/-disa/] ,f$]al  
assi/ance2  7#b7 !re is a ne$ to promote
 great] engagem5t ) private flood       

insurance m>kets & improve insurance    
aw>5ess 9 communities ) elevat$ flood   
risk & hi/orically l[ flood insurance   
take-up rates2  7#c7 community-bas$     
p>ametric flood insurance has ! pot5tial
 to provide fa/]1 m transp>5t1 & m      
flexible f9ancial protection at a       
community level & c s]ve z a supplem5tal
 =m ( risk transf] alongside exi/+ flood
 insurance cov]age2 &  7#d7             
community-bas$ p>ametric flood insurance
 may help /r5g!n ! f9ancial resili5ce ( 
communities und]tak+ flood mitigation & 
resili5ce inve/m5ts by provid+ an       
additional lay] ( protection = h\seholds
 & small bus9esses4  #c4 ,use ( flood   
mitigation assi/ance grant am\nts =     
premiums ( community-bas$1 p>ametric    
flood insurance  7a7 ,flood mitigation  
assi/ance grant eligible use ( funds    
7#a7 ,9 g5]al ,= ! p]iod t is #e ye>s   
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,adm9i/rator ( ! ,f$]al ,em]g5cy        
,managem5t ,ag5cy 7h]eaft] ref]r$ to z !
 ,adm9i/rator7 %all p]mit any ,/ate or  

community t receives flood mitigation   
assi/ance "u section #acff ( ! ,national
 ,flood ,insurance ,act ( #aifh 7#db    
,u4,s4,c4 #dajd;c7 to use n m ?an #ae   
p]c5t ( su* assi/ance am\nts ea* ye> = !
 paym5t ( premiums = a community-bas$1  
p>ametric flood insurance policy t--    
7,a7 is (f]$ ?r\gh ! private sector2    
7,b7 specifies objective1 pr$ef9$ trigg]
 conditions = pay\t bas$ on measurable  
flood-relat$ metrics2  7,c7 includes    
timel9es & disbursem5t t]ms agre$ ^u at 
! "t ( und]writ+2 &  7,d7 provides t    
funds %all be disburs$ to ! p>ticipat+  
community promptly ^u v]ification t a   
trigg]+ condition has be5 met1 )\t ! ne$
 = po/-ev5t damage assessm5t or         
additional adm9i/rative approval by !   
,adm9i/rator4  7#b7 ,report ,9 ea* ye> t
 a ,/ate or community t uses assi/ance  
am\nts z describ$ 9 p>agraph 7#a71 su*  
,/ate or community %all submit to !     
,adm9i/rator a report t describes h[ su*
 ,/ate or community--  7,a7 promotes    
,national ,flood ,insurance ,program    

policy enrollm5t2  7,b7 educates memb]s 
( ! community ab\t ! limitations        
community-bas$1 p>ametric flood         
insurance2  7,c7 enc\rages flood-risk   
mitigation2  7,d7 uses community bas$1  
p>ametric flood insurance to--  7i7     
support h\seholds & small bus9esses2 &  
7ii7 contribute to broad] flood         
resili5ce & insurance aw>5ess ef=ts2 &  
7,e7 enc\rages flood insurance take-up  
by improv+ public aw>5ess ( flood risk &
 promot+ p>ticipation 9 ei!r ! ,national
 ,flood ,insurance ,program or a private
 flood insurance (f]+4  7#c7 ,sunset ,! 
p]mission describ$ 9 p>agraph 7#a7 %all 
t]m9ate on ! date t is #e ye>s aft] !   
date ( ! enactm5t ( ?is ,act1 abs5t a   
reau?orization by ! ,congress4  7b7     
,promotion ( community-,bas$ flood      
insurance  ,! ,adm9i/rator %all-- 7#a7  
conduct outrea* to communities to spread
 aw>5ess ) respect to community-bas$1   
p>ametric flood insurance policies & !  
eligible use describ$ 9 subsection 7a72 
&  7#b7 not)/&+ any o!r provision ( law1

 all[ = ! use ( o!r grant am\nts "u !   
au?ority ( ! ,adm9i/rator = ! paym5t (  
premiums ( community-bas$1 p>ametric    
flood insurance policies by grant       
recipi5ts = ! #e ye> p]iod aft] ! date (
 ! enactm5t ( ?is ,act4  7c7 ,disclosure
 requir$ ,any community bas$1 p>ametric 
flood insurance policy = :i* premiums   
are paid z describ$ 9 subsection 7a7    
%all include a writt5 dislcosure t      
expla9s-- 7#a7 ! specific trigg]        
conditions "u :i* a pay\t w & w n be    
made2  7#b7 ! circum/ances "u :i* a     
trigg]+ ev5t may occur b individual     
h\seholds or small bus9esses )9 !       
community may n receive f9ancial relief 
7commonly ref]r$ to z ! basis risk72 &  
7#c7 h[ ! p>ametric policy int]acts ) & 
diff]s f flood insurance provid$ "u !   
,national ,flood ,insurance ,program4   
7d7 ,report ,n lat] ?an #a ye> aft] !   
date ( ! enactm5t ( ?is ,act1 & on !    
dates t are #c & #e ye>s aft] ! date ( !
 enactm5t ( ?is ,act1 ! ,adm9i/rator    
%all submit to ! ,congress a report t   

conta9s-- 7#a7 an analysis ( any *anges 
to ! numb] ( ,national ,flood ,insurance
 policies 9 communities t use flood     
mitigation assi/ance grant am\nts z     
describ$ 9 section #acff7;c77#c77k7 ( ! 
,national ,flood ,insurance ,act ( #aifh
 & communities t d n use su* grant      
am\nts z describ$ 9 su* section2  7#b7 a
 description ( ! product types (        
community-bas$1 p>ametric flood         
insurance policies t communities use1   
includ+ ! numb] ( h\seholds cov]$ by su*
 policies2  7#c7 an analysis ( !        
timel9ess & effectiv5ess ( claim pay\ts 
?r\gh community-bas$1 p>ametric flood   
insurance policies = :i* premiums are   
paid = z describ$ 9 su* section2  7#d7  
an assessm5t ( outrea* & flood insurance
 aw>5ess ef=ts2 &  7#e7 any legislative 
recomm5dations = ! cont9uation or       
expansion ( community-bas$1 p>ametric   
flood insurance policies4