Flood Protection Modernization Fairness Act of 2020

I 116TH CONGRESS 2D SESSION H. R. 8761 To reduce premiums under the National Flood Insurance Program for certain properties, and for other purposes. IN THE HOUSE OF REPRESENTATIVES NOVEMBER 17, 2020 Mr. GIANFORTE introduced the following bill; which was referred to the Committee on Financial Services A BILL To reduce premiums under the National Flood Insurance Program for certain properties, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Flood Protection Mod- 4 ernization Fairness Act of 2020’’. 5 SEC. 2. FLOOD INSURANCE PREMIUM RATES FOR AREAS 6 WITH SMALL FLOOD CONTROL PROJECTS. 7 Notwithstanding section 1308(e) of the National 8 Flood Insurance Act of 1968 (42 U.S.C. 4015(e)) or any 9 other provision of law, during the 10-year period begin- 10 VerDate Sep 11 2014 04:47 Nov 28, 2020 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H8761.IH H8761 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 8761 IH ning on the date of the enactment of this Act, in the case 1 of any property located in an area for which protection 2 is to be provided by a project with respect to which a non- 3 Federal interest has requested assistance pursuant to sec- 4 tion 205 of the Flood Control Act of 1948 (33 U.S.C. 5 701s) but which has not been completed, the premium rate 6 for flood insurance coverage made available under the Na- 7 tional Flood Insurance Act of 1968 (42 U.S.C. 4001 et 8 seq.) shall be the preferred risk premium rate for such 9 property. 10 Æ VerDate Sep 11 2014 04:47 Nov 28, 2020 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H8761.IH H8761 kjohnson on DSK79L0C42PROD with BILLS