To deny premium subsidies to homeowners who refuse to accept an offer of Federal assistance to alter or relocate their property in an effort to minimize future flood damages and costs.

SA 4725. Mr. COBURN submitted an amendment intended to be proposed to
amendment SA 4707 proposed by Mr. Dodd (for himself and Mr. Shelby) to
the bill S. 2284, to amend the National Flood Insurance Act of 1968, to
restore the financial solvency of the flood insurance fund, and for
other purposes; which was ordered to lie on the table; as follows:

On page 8, line 13, strike ``and''.
On page 8, line 16, strike ``policy.''.'' and insert the
following: ``policy; and
``(3) any prospective insured who refuses to accept any
offer for mitigation assistance by the Administrator
(including an offer to relocate), including an offer of
mitigation assistance--
``(A) following a major disaster, as defined in section 102
of the Robert T. Stafford Disaster Relief and Emergency
Assistance Act (42 U.S.C. 5122); or
``(B) in connection with--
``(i) a repetitive loss property; or
``(ii) a severe repetitive loss property, as that term is
defined under section 1361A.''.
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