I 

118TH CONGRESS 

2D SESSION H. R. 9414 

To require the Administrator of the Federal Emergency Management Agency 

to establish a community-based flood insurance pilot program, and for 

other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

AUGUST 27, 2024 

Mr. GARBARINO (for himself and Mr. MEEKS) introduced the following bill; 

which was referred to the Committee on Financial Services 

A BILL 

To require the Administrator of the Federal Emergency 

Management Agency to establish a community-based 

flood insurance pilot program, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Community Flood Cov5 erage Savings Act’’. 

6 SEC. 2. COMMUNITY-BASED FLOOD INSURANCE PILOT PRO7 GRAM. 

8 (a) ESTABLISHMENT.—The Administrator of the 

9 Federal Emergency Management Agency shall establish a 


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1 community-based flood insurance pilot program to make 

2 available, for purchase by participating communities, a 

3 single, community-wide flood insurance policy under the 

4 National Flood Insurance Program that— 

5 (1) covers all residential properties within the 

6 community; and 

7 (2) satisfies, for all such properties within the 

8 community, the mandatory purchase requirements 

9 under section 102 of the Flood Disaster Protection 

10 Act of 1973 (42 U.S.C. 4012a). 

11 (b) REQUIREMENTS FOR COMMUNITY-WIDE POLI12 CIES.—The Administrator shall ensure that a community13 wide flood insurance policy made available under the pilot 

14 program under this section incorporates the following re15 quirements: 

16 (1) A mapping and eligibility requirement for 

17 properties to be covered by the policy. 

18 (2) A method of preventing redundant claims 

19 payments by the National Flood Insurance Program 

20 in the case of a claim by an individual property 

21 owner who is covered by a community-wide flood in22 surance policy and an individual policy obtained 

23 through the Program. 


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1 (3) A path for sustained existence beyond the 

2 duration of the pilot program under this section is 

3 desired by a participating community. 

4 (c) PARTNERSHIPS.—Any community that chooses to 

5 participate in the pilot program shall, to the greatest ex6 tent practicable, partner with private insurers, reinsurers, 

7 capital market participants, and other participants in the 

8 risk transfer market to transfer a portion of the insurance 

9 risk related to participate in the pilot program under this 

10 section. 

11 (d) PARTICIPATION.—Participation by a community 

12 in the pilot program under this section shall be entirely 

13 voluntary on the part of the community. 

14 (e) USE FLOOD MITIGATION ASSISTANCE GRANT

15 PROGRAM AMOUNTS.—Any community that chooses to 

16 participate in the pilot program under this section may 

17 use amounts provided under the flood mitigation assist18 ance grant program for costs associated with imple19 menting a community-based insurance policy. 

20 (f) TIMING.—The Administrator shall establish the 

21 pilot program under this section not later than the expira22 tion of the 360-day period beginning on the date of the 

23 enactment of this Act and the program shall terminate 

24 on the date that is 2 years after the date of the enactment 

25 of this section. 


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1 (g) DEFINITIONS.—In this section: 

2 (1) ADMINISTRATOR.—The term ‘‘Adminis3 trator’’ means the Administrator of the Federal 

4 Emergency Management Agency. 

5 (2) COMMUNITY.—The term ‘‘community’’ 

6 means any unit of local government, within the 

7 meaning given such term under the laws of the ap8 plicable State. 

Æ 


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