I 

116TH CONGRESS 

2D SESSION H. R. 8311 

To require a report regarding the potential impacts of any changes to the 

risk-rating methodology for the National Flood Insurance Program of 

the Federal Emergency Management Agency before implementation, and 

for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 17, 2020 

Mr. ROSE of New York introduced the following bill; which was referred to 

the Committee on Financial Services 

A BILL 

To require a report regarding the potential impacts of any 

changes to the risk-rating methodology for the National 

Flood Insurance Program of the Federal Emergency 

Management Agency before implementation, 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 ‘‘National Flood Insur5 ance Program Reporting on Impact to Seaboards and 

6 Counties Act of 2020’’ or the ‘‘NFIP RISC Act of 2020’’. 


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•HR 8311 IH

1 SEC. 2. CONGRESSIONAL FINDINGS. 

2 The Congress finds that— 

3 (1) 30 percent of the population of the United 

4 States and 50 percent of the gross domestic product 

5 of the United States is located on the Atlantic coast 

6 or the Gulf of Mexico coast, areas frequently hit by 

7 coastal storms and hurricanes; 

8 (2) 90 percent of all natural disasters involve 

9 flooding; 

10 (3) all 50 States have experienced floods and 

11 flash floods between 2015 and 2020; and 

12 (4) in some States, enrollment in the National 

13 Flood Insurance Program has decreased between 20 

14 and 35 percent since 2011. 

15 SEC. 3. REPORT ON IMPACTS OF CHANGES TO FLOOD IN16 SURANCE METHODOLOGY. 

17 Not later than 6 months before implementing any 

18 chargeable premium rate for flood insurance coverage pur19 suant to section 1308 of the National Flood Insurance Act 

20 of 1968 that is related to a change in flood-risk assess21 ment methodology, the Administrator shall submit a re22 port to Congress regarding such effort. Such report shall 

23 include detailed information, by county, regarding the 

24 methodology and sources of data used to calculate new 

25 rates and an analysis of the expected impacts, by county 

26 to the extent applicable, including on— 


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•HR 8311 IH

1 (1) enrollment in the National Flood Insurance 

2 Program or in flood insurance coverage provided in 

3 the private market; 

4 (2) chargeable premium rates for flood insur5 ance coverage under such Program, which shall take 

6 into consideration the actuarial risk to such prop7 erties and changes to premiums subject to statutory 

8 limitations on annual increases; 

9 (3) property values, due to fluctuations in pre10 mium prices, and communities in high flood-risk 

11 zones; 

12 (4) the extent to which the number of flood in13 surance claims on a property will influence the prop14 erty’s rating; 

15 (5) the finances of the National Flood Insur16 ance Program; 

17 (6) the community rating system and flood haz18 ard area mapping, including the funding for such 

19 systems, public communications of any such 

20 changes, and floodplain management procedures; 

21 and 

22 (7) flood mitigation programs, including 

23 changes to flood mitigation grant programs resulting 

24 from a change in rating methodology. 

Æ 


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