I 

113TH CONGRESS 

1ST SESSION H. R. 3312 

To require the Administrator of the Federal Emergency Management Agency 

to allow for monthly installment payments for flood insurance under 

the National Flood Insurance Act of 1968, to cap the annual cost 

of flood insurance under that Act, to provide for a ten-year phasein of premium increases resulting from the enactment of the BiggertWaters Flood Insurance Reform Act of 2012, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

OCTOBER 23, 2013 

Mr. BILIRAKIS (for himself, Mr. ROONEY, and Ms. ROS-LEHTINEN) 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 allow for monthly installment 

payments for flood insurance under the National Flood 

Insurance Act of 1968, to cap the annual cost of flood 

insurance under that Act, to provide for a ten-year 

phase-in of premium increases resulting from the enactment of the Biggert-Waters Flood Insurance Reform Act 

of 2012, 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, 


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•HR 3312 IH

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Homeowners Flood 

3 Insurance Relief Act of 2013’’. 

4 SEC. 2. MONTHLY INSTALLMENT PAYMENTS FOR PRE5 MIUMS. 

6 Section 1308(g) of the National Flood Insurance Act 

7 of 1968 (42 U.S.C. 4015(g)) is amended by striking ‘‘ei8 ther annually or in more frequent installments’’ and in9 serting ‘‘annually, monthly, or in other installments that 

10 are more frequent than annually’’. 

11 SEC. 3. CAP ON ANNUAL COST OF FLOOD INSURANCE. 

12 Section 1308 of the National Flood Insurance Act of 

13 1968 (42 U.S.C. 4015) is amended— 

14 (1) by redesignating subsection (i) as subsection 

15 (j); and 

16 (2) by inserting after subsection (h) the fol17 lowing new subsection: 

18 ‘‘(i) MAXIMUM ANNUAL PREMIUM.—Notwith19 standing any other provision of this title, the maximum 

20 annual chargeable premium rate for a property shall be 

21 the total appraised value of all structures located on the 

22 property at the time of the purchase of the property by 

23 the current owner of the property divided by 30.’’. 


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•HR 3312 IH

1 SEC. 4. TEN-YEAR PHASE-IN OF PREMIUM INCREASES RE2 SULTING FROM BIGGERT-WATERS FLOOD IN3 SURANCE REFORM ACT OF 2012. 

4 (a) PHASE-IN.—Notwithstanding any other provision 

5 of law, any increase in the risk premium rate charged for 

6 flood insurance under the National Flood Insurance Act 

7 of 1968 (42 U.S.C. 4001 et seq.) on any property that 

8 is covered by a flood insurance policy on the effective date 

9 of the Biggert-Waters Flood Insurance Reform Act of 

10 2012 (Public Law 112–141; 126 Stat. 916 et seq.) that 

11 is a result of the enactment of such Act or the amend12 ments made by such Act shall be phased in over a 10- 

13 year period, at the rate of 10 percent for each year fol14 lowing such effective date. 

15 (b) APPLICABILITY; REFUND OR CREDIT.—Sub16 section (a) shall apply as if enacted as part of the Biggert17 Waters Flood Insurance Reform Act of 2012 (Public Law 

18 112–141; 126 Stat. 916 et seq.). The Administrator of 

19 the Federal Emergency Management Agency shall refund 

20 to insureds, or provide credit to insureds for, any pre21 miums for flood insurance coverage under the National 

22 Flood Insurance Program collected in excess of the rates 

23 required pursuant to subsection (a). 

Æ 


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