I 

118TH CONGRESS 

2D SESSION H. R. 9726 

To require the Administrator of the Federal Emergency Management Agency 

to develop a flood insurance information tool, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 20, 2024 

Mr. CARTWRIGHT (for himself, Mr. CARSON, Mr. CARTER of Louisiana, Mr. 

THANEDAR, Ms. TOKUDA, and Ms. WILD) 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 develop a flood insurance information tool, 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 ‘‘NFIP Premium Trans5 parency Act’’. 


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1 SEC. 2. DISSEMINATION OF FLOOD INSURANCE INFORMA2 TION. 

3 The National Flood Insurance Act of 1968 (42 

4 U.S.C. 4001 et. seq.) is amended by striking section 1313 

5 and inserting the following: 

6 ‘‘SEC. 1313. DISSEMINATION OF FLOOD INSURANCE INFOR7 MATION. 

8 ‘‘(a) IN GENERAL.—The Administrator shall ensure 

9 that the declaration page for each flood insurance policy 

10 issued under the national flood insurance program for a 

11 property shall, not later than 12 months after the date 

12 of the enactment of this subsection, include the following: 

13 ‘‘(1) The current insurance premium for such 

14 property, including a description of any discounts 

15 being applied including any discounts associated 

16 with— 

17 ‘‘(A) building, construction, or substantial 

18 improvement which began before the Adminis19 trator published an initial rate map for the 

20 community, eligible for less than actuarial rates 

21 under section subsections (a)(2) and (g) of sec22 tion 1307(a)(2); 

23 ‘‘(B) the newly mapped property discount 

24 under section 1308(i); 

25 ‘‘(C) an estimate of the number years re26 maining until the premium for such property 


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1 shall match the full-risk based premium for 

2 such property, having accounted for the annual 

3 limitation on premium increases under section 

4 1308(e); 

5 ‘‘(D) available mitigation options and asso6 ciated premium savings; 

7 ‘‘(E) claim history; 

8 ‘‘(F) the community rating system under 

9 section 1315(b); and 

10 ‘‘(G) annual limitations on premium in11 creases under section 1308(e). 

12 ‘‘(2) Any annual limitations on premium in13 creases under section 1308(e). 

14 ‘‘(3) Any current risk factors, including the ele15 vation of the property above first floor height. 

16 ‘‘(4) The replacement cost value. 

17 ‘‘(5) Any special category that applies to the 

18 property, including repetitive loss property or severe 

19 repetitive loss property. 

20 ‘‘(6) Any flood insurance requirement that ap21 plies to the property as a result of disaster assist22 ance previously provided by the Administrator. 

23 ‘‘(7) On and after the date that is 36 months 

24 after the date of the enactment of this section, the 

25 website address where the flood insurance informaVerDate Sep 11 2014 21:02 Oct 03, 2024 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H9726.IH H9726

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1 tion tool established pursuant to subsection (c) may 

2 be located. 

3 ‘‘(b) EXPLANATION REQUIRED.—If any item of in4 formation required to be included on a declaration page 

5 under subsection (a) cannot be provided, an explanation 

6 of why such item of information cannot be provided shall 

7 be included on the declaration page. 

8 ‘‘(c) REQUIRED INFORMATION SHARING.—The Ad9 ministrator shall, beginning on the date that is 12 months 

10 after the date of the enactment of this subsection, share 

11 with each insurance company that issues a flood insurance 

12 policy under the national flood insurance program any in13 formation the Administrator has that relates to the items 

14 listed in subsection (a). 

15 ‘‘(d) FLOOD INSURANCE INFORMATION TOOL.— 

16 ‘‘(1) IN GENERAL.—The Administrator shall, 

17 not later than 36 months after the date of the enact18 ment of this section, develop a flood insurance infor19 mation tool that is accessible online and contains the 

20 following information with respect to each property 

21 for which a flood insurance policy is issued under 

22 the national flood insurance program: 

23 ‘‘(A) The current insurance premium for 

24 such property, including a description of any 

25 reason why the current premium is less than 


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1 actuarial rates; including due to grandfathering, 

2 pre-FIRM discount status, newly mapped prop3 erty status, or a Community Rating System 

4 status. 

5 ‘‘(B) A description of any limitations on 

6 annual premium increases. 

7 ‘‘(C) The risk premium rate for such prop8 erty. 

9 ‘‘(D) The replacement cost value for such 

10 property, and the date on which such value was 

11 calculated. 

12 ‘‘(E) A detailed flood history for such 

13 property that includes a list of any prior claims 

14 under the national flood insurance program as15 sociated with such property and the dates of 

16 such claims. 

17 ‘‘(F) Any special category that applies to 

18 the property, including repetitive loss property 

19 or severe repetitive loss property. 

20 ‘‘(G) The date of the most recent flood 

21 hazard determination of such property and the 

22 date of any planned future flood hazard deter23 mination of such property. 

24 ‘‘(H) Any flood insurance requirement that 

25 applies to the property as a result of disaster 


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1 assistance previously provided by the Adminis2 trator. 

3 ‘‘(I) Any additional information the Ad4 ministrator determines appropriate. 

5 ‘‘(2) EXPLANATION REQUIRED.—If any item of 

6 information required to be included in the food in7 surance information tool under paragraph (1) can8 not be provided, an explanation of why such item of 

9 information cannot be provided shall be included in 

10 the flood insurance information tool. 

11 ‘‘(3) ACCESS TO THE FLOOD INSURANCE IN12 FORMATION TOOL.—The Administrator shall, not13 withstanding any conflicting provision in the Privacy 

14 Act of 1974, provide access to the flood insurance 

15 information tool, suite of tools, or discrete parts of 

16 such tools, to— 

17 ‘‘(A) the public, for all information where 

18 the Administrator has determined that release 

19 to the public is in the best interest of the pub20 lic; and 

21 ‘‘(B) owners of properties for which a flood 

22 insurance policy is issued under the national 

23 flood insurance program, for information where 

24 the Administrator has determined that release 


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1 to the public is not in the best interest of the 

2 public. 

3 ‘‘(4) ADJUSTMENT CAPABILITY.—To the degree 

4 practicable, the flood insurance information tool, or 

5 suite of tools, developed by Administrator shall allow 

6 the capability for users, with respect to each item of 

7 information listed in paragraph (1) to, to the extent 

8 feasible— 

9 ‘‘(A) adjust variables that change over 

10 time and impact flood risk, including, the ele11 ments set forth in 42 U.S.C. 4101b(b)(1) and 

12 42 U.S.C. 4101b(b)(3); and 

13 ‘‘(B) evaluate how such adjustments or 

14 mitigation activities would— 

15 ‘‘(i) reduce the risk of flooding; and 

16 ‘‘(ii) decrease premiums. 

17 ‘‘(e) REPLACEMENT COST VALUE DEFINED.—The 

18 term ‘replacement cost value’ means the cost to replace 

19 that part of a building that is damaged by flood, without 

20 depreciation. 

21 ‘‘(f) ADDITIONAL INFORMATION AVAILABILITY.—In 

22 addition to as required under subsection (a) through (d) 

23 of this subsection, the Administrator shall from time to 

24 time take such action as may be necessary in order to 


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1 make information and data available to the public, and 

2 to any State or local agency or official, with regard to— 

3 ‘‘(1) the flood insurance program, its coverage 

4 and objectives; and 

5 ‘‘(2) estimated and chargeable flood insurance 

6 premium rates, including the basis for and dif7 ferences between such rates in accordance with the 

8 provisions of section 1308.’’. 

9 SEC. 3. REPORT. 

10 The Comptroller General of the United States shall, 

11 not later than 2 years after the date on which the Admin12 istrator of the Federal Emergency Management Agency 

13 makes available the flood insurance information tool re14 quired to be developed under section 1313(c) of the Na15 tional Flood Insurance Act of 1968, publish a report that 

16 analyzes the following: 

17 (1) Whether the following information could be 

18 added to flood insurance information tool established 

19 by the Administrator of the Federal Emergency 

20 Management Agency pursuant to section 1313 of the 

21 National Flood Insurance Act of 1968: 

22 (A) Any property acquisition programs for 

23 which the property qualifies. 


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1 (B) Any nature based solutions that may 

2 be used to reduce the flood risk for the prop3 erty. 

4 (C) Any planned or existing flood defenses 

5 in the area in which a property is located. 

6 (D) Any implications that additional devel7 opment in the area where property is located 

8 may have on flood risk. 

9 (E) Any standards established locally that 

10 affect the repair or improvement of the prop11 erty, including— 

12 (i) any limitations on repairs or im13 provements based on the value of the prop14 erty; and 

15 (ii) any local standards that go be16 yond the standards required under the na17 tional flood insurance program. 

18 (F) A description of any community rating 

19 system rating that impacts the property and 

20 discounts that may be available based on this 

21 rating system. 

22 (2) Whether access to the flood insurance infor23 mation tool established by the Administrator of the 

24 Federal Emergency Management Agency pursuant 

25 to section 1313 of the National Flood Insurance Act 


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1 of 1968 could be provided to prospective buyers of 

2 properties for which a flood insurance policy is 

3 issued under the national flood insurance program. 

4 (3) Whether the flood insurance information 

5 tool established by the Administrator of the Federal 

6 Emergency Management Agency pursuant to section 

7 1313 of the National Flood Insurance Act of 1968 

8 could allow users to, with respect to each item of in9 formation listed in paragraph in the flood insurance 

10 tool, adjust variables that impact flood risk, includ11 ing— 

12 (A) relative sea level rise; 

13 (B) extension of impervious cover; and 

14 (C) and levee reliability changes. 

15 (4) Whether the types of information available 

16 within the flood insurance information tool estab17 lished by the Administrator of the Federal Emer18 gency Management Agency pursuant to section 1313 

19 of the National Flood Insurance Act of 1968 could 

20 be expanded further. 

21 (5) Whether the information provided by the 

22 flood insurance tool established by the Administrator 

23 of the Federal Emergency Management Agency pur24 suant to section 1313 of the National Flood Insur25 ance Act of 1968 could be used by policy holders as 


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1 part of any appeals procedure implemented by the 

2 Administrator on or after the date of the enactment 

3 of this Act. 

Æ 


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