HR 1026

112th CONGRESS
1st Session

H. R. 1026

To extend the authorization for the national flood insurance program, to identify priorities essential to reform and ongoing stable functioning of the program, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

March 10, 2011

Ms. WATERS (for herself, Mr. FRANK of Massachusetts, Mr. GUTIERREZ, Mr. AL GREEN of Texas, Mr. COSTELLO, Ms. MATSUI, and Mr. CARDOZA) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To extend the authorization for the national flood insurance program, to identify priorities essential to reform and ongoing stable functioning of the program, and for other purposes.

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

SEC. 2. FINDINGS AND PURPOSES.

SEC. 3. EXTENSION OF NATIONAL FLOOD INSURANCE PROGRAM.

SEC. 4. MAXIMUM COVERAGE LIMITS.

SEC. 5. PHASE-IN OF ACTUARIAL RATES FOR NONRESIDENTIAL PROPERTIES, NON-PRIMARY RESIDENCES, SEVERE REPETITIVE LOSS PROPERTIES, AND PROPERTIES SUBSTANTIALLY DAMAGED OR IMPROVED.

SEC. 6. 5-YEAR DELAY IN EFFECTIVE DATE OF MANDATORY PURCHASE REQUIREMENT FOR NEW FLOOD HAZARD AREAS.

SEC. 7. 5-YEAR PHASE-IN OF FLOOD INSURANCE RATES FOR NEWLY MAPPED AREAS.

SEC. 8. INCREASE IN ANNUAL LIMITATION ON PREMIUM INCREASES.

SEC. 9. CONSIDERATION OF CONSTRUCTION, RECONSTRUCTION, AND IMPROVEMENT OF FLOOD PROTECTION SYSTEMS IN DETERMINATION OF FLOOD INSURANCE RATES.

SEC. 10. DISCOUNTED FLOOD INSURANCE RATES FOR PROPERTIES PROTECTED BY A FLOOD-PROTECTION SYSTEM FROM LESS THAN A 100-YEAR FREQUENCY FLOOD.

SEC. 11. TREATMENT OF CERTAIN FLOOD PROTECTION PROJECTS.

SEC. 12. PROHIBITION OF EXTENSION OF SUBSIDIZED RATES TO LAPSED POLICIES.

SEC. 13. NOTIFICATION TO HOMEOWNERS REGARDING MANDATORY PURCHASE REQUIREMENT APPLICABILITY AND RATE PHASE-INS.

SEC. 14. COMMUNITY OUTREACH PLAN FOR UPDATING FLOODPLAIN AREAS AND FLOOD-RISK ZONES.

SEC. 15. NOTIFICATION OF ESTABLISHMENT OF FLOOD ELEVATIONS.

SEC. 16. COVERAGE FOR ADDITIONAL LIVING EXPENSES AND BUSINESS INTERRUPTION.

SEC. 17. EXCEPTION TO WAITING PERIOD FOR EFFECTIVE DATE OF POLICIES.

SEC. 18. MINIMUM DEDUCTIBLES FOR CLAIMS.

SEC. 19. PAYMENT OF PREMIUMS IN INSTALLMENTS FOR RESIDENTIAL PROPERTIES.

SEC. 20. TERMINATION OF FORCE-PLACED INSURANCE.

SEC. 21. ENFORCEMENT.

SEC. 22. NOTIFICATION TO TENANTS OF AVAILABILITY OF CONTENTS INSURANCE.

`SEC. 1308A. NOTIFICATION TO TENANTS OF AVAILABILITY OF CONTENTS INSURANCE.

SEC. 23. GRANTS FOR DIRECT FUNDING OF MITIGATION ACTIVITIES FOR INDIVIDUAL REPETITIVE CLAIMS PROPERTIES.

SEC. 24. FLOOD INSURANCE OUTREACH.

`SEC. 1326. GRANTS FOR OUTREACH TO PROPERTY OWNERS AND RENTERS.

SEC. 25. TREATMENT OF SWIMMING POOL ENCLOSURES OUTSIDE OF HURRICANE SEASON.

`SEC. 1327. TREATMENT OF SWIMMING POOL ENCLOSURES OUTSIDE OF HURRICANE SEASON.

SEC. 26. REQUIREMENTS RELATING TO WINDSTORM AND FLOOD.

SEC. 27. NOTICE OF AVAILABILITY OF FLOOD INSURANCE AND ESCROW IN RESPA GOOD FAITH ESTIMATE.

SEC. 28. AUTHORIZATION OF ADDITIONAL FEMA STAFF.

SEC. 29. PLAN TO VERIFY MAINTENANCE OF FLOOD INSURANCE ON MISSISSIPPI AND LOUISIANA PROPERTIES RECEIVING EMERGENCY SUPPLEMENTAL FUNDS.

SEC. 30. FLOOD INSURANCE ADVOCATE.

`SEC. 1330A. OFFICE OF THE FLOOD INSURANCE ADVOCATE.

SEC. 31. TREATMENT OF PREVIOUSLY MAPPED AREAS.

SEC. 32. REMAPPING OF AREAS WITH IMPROVED LEVEES.

SEC. 33. APPEALS.

SEC. 34. ELIGIBILITY OF PROPERTY DEMOLITION AND REBUILDING UNDER FLOOD MITIGATION ASSISTANCE PROGRAM.

SEC. 35. STUDY REGARDING MANDATORY PURCHASE REQUIREMENT FOR NON-FEDERALLY RELATED LOANS.

SEC. 36. STUDY OF METHODS TO INCREASE FLOOD INSURANCE PROGRAM PARTICIPATION BY LOW-INCOME FAMILIES AND FAMILIES IN RURAL COMMUNITIES AND ON INDIAN RESERVATIONS.

SEC. 37. REPORT ON INCLUSION OF BUILDING CODES IN FLOODPLAIN MANAGEMENT CRITERIA.

SEC. 38. STUDY ON REPAYING FLOOD INSURANCE DEBT.

SEC. 39. STUDY REGARDING CERTAIN HARBOR AREAS.

SEC. 40. STUDY REGARDING HAZARD MODELING.

SEC. 41. STUDY REGARDING IMPACT OF RATE INCREASES ON PRE-FIRM PROPERTIES.

SEC. 42. STUDY OF EFFECTS OF ACT.

SEC. 43. REIMBURSEMENT FOR COSTS INCURRED BY HOMEOWNERS OBTAINING LETTERS OF MAP AMENDMENT.

SEC. 44. INTERIM FINAL RULEMAKING.

SEC. 45. STUDY ON PRIVATE INSURANCE MARKET, COMMUNITY PARTICIPATION IN THE NATIONAL FLOOD INSURANCE PROGRAM, AND THE REGIONALIZATION OF THE NATIONAL FLOOD INSURANCE PROGRAM.

SEC. 46. ETHICS COMPLIANCE.

END