To require the Administrator of the Federal Emergency Management Agency to make publicly available data that provide the basis for risk premium rates for flood insurance, to allow monthly installment payments for premiums, and to ensure that mitigation activities completed by an owner or lessee of real property are accounted for when determining risk premium rates for flood insurance.

1. 1

   Change 1: Inserts new text at the end of section 103

   Inserts

   In S. 1926 · Placed on Calendar Senate

   (g) Rule of Construction.--Nothing in this section shall be construed to provide the Administrator with the authority to provide assistance to homeowners based on affordability that was not available prior to the enactment of the Biggert-Waters Flood Insurance Reform Act of 2012 (Public Law 112-141; 126 Stat. 916).

   Inserted: (h) Disclosure.--

   Inserted: (1) Change in rates under biggert-waters.--Not later than the date that is 6 months before the date on which any change in risk premium rates for flood insurance coverage under the National Flood Insurance Program resulting from the amendment made by section 100207 of the Biggert-Waters Flood Insurance Reform Act of 2012 (Public Law 112-141; 126 Stat. 919) is implemented, the Administrator shall make publicly available the rate tables and underwriting guidelines that provide the basis for the change.

   Inserted: (2) Change in rates under this act.--Not later than the date that is 6 months before the date on which any change in risk premium rates for flood insurance coverage under the National Flood Insurance Program resulting from this Act or any amendment made by this Act is implemented, the Administrator shall make publicly available the rate tables and underwriting guidelines that provide the basis for the change.

   Inserted: (3) Report on policy and claims data.--

   Inserted: (A) In general.--Not later than 90 days after the date of enactment of this Act, the Administrator shall submit to Congress a report on the feasibility of--

   Inserted: (i) releasing property-level policy and claims data for flood insurance coverage under the National Flood Insurance Program; and

   Inserted: (ii) establishing guidelines for releasing property-level policy and claims data for flood insurance coverage under the National Flood Insurance Program in accordance with section 552a of title 5, United States Code (commonly known as the "Privacy Act of 1974").

   Inserted: (B) Contents.--The report submitted under subparagraph (A) shall include--

   Inserted: (i) an analysis and assessment of how releasing property-level policy and claims data for flood insurance coverage under the National Flood Insurance Program will aid policy holders and insurers to understand how the Administration determines actuarial premium rates and assesses flood risks; and

   Inserted: (ii) recommendations for protecting personal information in accordance with section 552a of title 5, United States Code (commonly known as the "Privacy Act of 1974").

   Original wording

   At the end of section 103, add the following:

2. 2

   Change 2: Adds SEC. 110. MONTHLY INSTALLMENT PAYMENTS FOR PREMIUMS at the end of title I

   Adds a section

   In S. 1926 · Placed on Calendar Senate

   (c) Authorization of Appropriations.--There are authorized to be appropriated for each fiscal year such sums as may be necessary to carry out the duties and responsibilities of the Flood Insurance Advocate.

   Inserted: SEC. 110. MONTHLY INSTALLMENT PAYMENTS FOR PREMIUMS.

   Inserted: Section 1308(g) of the National Flood Insurance Act of 1968 (42 U.S.C. 4015(g)) is amended by striking "either annually or in more frequent installments" and inserting "annually, monthly, or in other installments that are more frequent than annually".

   Inserted: SEC. 111. ACCOUNTING FOR FLOOD MITIGATION ACTIVITIES IN ESTIMATES OF PREMIUM RATES.

   Inserted: Section 1307(a)(1) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(a)(1)) is amended by amending subparagraph (A) to read as follows:

   Inserted: "(A) based on consideration of--

   Inserted: "(i) the risk involved and accepted actuarial principles; and

   Inserted: "(ii) the flood mitigation activities that an owner or lessee has undertaken on a property, including differences in the risk involved due to land use measures, floodproofing, flood forecasting, and similar measures,".

   Original wording

   At the end of title I, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed