I 

114TH CONGRESS 

1ST SESSION H. R. 2918 

To ensure fairness in premium rates for coverage under the National Flood 

Insurance Program for residences and business properties, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 25, 2015 

Mr. CURBELO of Florida (for himself and Mr. MURPHY of Florida) introduced 

the following bill; which was referred to the Committee on Financial Services 

A BILL 

To ensure fairness in premium rates for coverage under 

the National Flood Insurance Program for residences 

and business properties, 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 ‘‘Flood Insurance Fair5 ness Act of 2015’’. 

6 SEC. 2. REPEAL OF CERTAIN RATE INCREASES. 

7 (a) REPEAL OF PROHIBITION ON SUBSIDIZED

8 RATES.—Paragraph (2) of section 1307(a) of the NaVerDate Sep 11 2014 04:00 Jul 01, 2015 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2918.IH H2918

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•HR 2918 IH

1 tional Flood Insurance Act of 1968 (42 U.S.C. 4014) is 

2 amended— 

3 (1) by striking subparagraph (A); 

4 (2) in subparagraph (C), by inserting ‘‘or’’ after 

5 the semicolon at the end; 

6 (3) by striking subparagraph (D); and 

7 (4) by redesignating subparagraphs (B), (C), 

8 and (E) as subparagraphs (A), (B), and (C) respec9 tively. 

10 (b) CONFORMING AMENDMENTS RELATING TO LIMI11 TATION ON ANNUAL RATE INCREASES.—Paragraph (4) of 

12 section 1308(e) of the National Flood Insurance Act of 

13 1968 (42 U.S.C. 4015(e)(4)), as amended by section 5 

14 of Public Law 113–89, is amended by striking ‘‘(A) 

15 through (E)’’ and inserting ‘‘(A) through (C)’’. 

16 (c) IMPLEMENTATION.— 

17 (1) EFFECTIVE DATE.—The Administrator of 

18 the Federal Emergency Management Agency (in this 

19 subsection referred to as the ‘‘Administrator’’) shall 

20 make available such rate tables as necessary to im21 plement the amendments made by subsections (a) 

22 and (b) effective on the date of the enactment of this 

23 Act. 

24 (2) IMPLEMENTATION, COORDINATION, AND

25 GUIDANCE.— 


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1 (A) INCLUSION OF WRITE-YOUR-OWN COM2 PANIES.—To ensure the participation of Write 

3 Your Own companies (as such term is defined 

4 in section 100202(a) of the Biggert-Waters 

5 Flood Insurance Reform Act of 2012 (42 

6 U.S.C. 4004(a))), the Administrator and the 

7 Federal Emergency Management Agency shall 

8 consult with Write Your Own companies 

9 throughout the development of guidance and 

10 rate tables necessary to implement the amend11 ments made by subsections (a) and (b). 

12 (B) IMPLEMENTATION AND GUIDANCE.— 

13 The Administrator shall issue final guidance 

14 and rate tables necessary to implement the 

15 amendments made by subsections (a) and (b) 

16 not later than eight months following the date 

17 of the enactment of this Act. Write Your Own 

18 companies, in coordination with the Federal 

19 Emergency Management Agency, shall have not 

20 less than six months but not more than eight 

21 months following the issuance of such final 

22 guidance and rate tables to implement the 

23 changes required by such final guidance and 

24 rate tables. 

Æ 


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