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[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6254 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 6254

   To amend the National Flood Insurance Act of 1968 to provide for 
certain exceptions to the mandatory 30-day waiting period before new or 
            modified flood insurance coverage takes effect.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           September 29, 2010

 Mrs. Kirkpatrick of Arizona introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL

 
   To amend the National Flood Insurance Act of 1968 to provide for 
certain exceptions to the mandatory 30-day waiting period before new or 
            modified flood insurance coverage takes effect.

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

SECTION 1. EXCEPTIONS TO THE MANDATORY 30-DAY WAITING PERIOD FOR NEW 
              FLOOD INSURANCE COVERAGE TO TAKE EFFECT UNDER THE 
              NATIONAL FLOOD INSURANCE PROGRAM.

    (a) Waiver by the Secretary of Homeland Security.--Section 
1306(c)(2) of the National Flood Insurance Act of 1968 (42 U.S.C. 
4013(c)(2)) is amended--
            (1) in subparagraph (A), by striking ``; or'' and inserting 
        ``;'';
            (2) in subparagraph (B), by striking the period and 
        inserting ``; or''; and
            (3) by adding at the end the following new paragraph:
                    ``(C) the purchase of flood insurance coverage for 
                which the Secretary of Homeland Security waives the 30-
                day waiting period referred to in paragraph (1) due to 
                an occurrence that the Secretary determines has caused 
                the area covered by such flood insurance to be more 
                susceptible to flooding than before such occurrence, 
                which waiver the Secretary may apply retroactively.''.
    (b) Retroactive Waiver for Certain Properties in Areas Newly 
Susceptible to Flooding.--
            (1) Waiver.--Notwithstanding section 1306(c) of the 
        National Flood Insurance Act of 1968 (42 U.S.C. 4013(c)), the 
        Administrator of the Federal Emergency Management Agency shall 
        ensure that flood insurance coverage of a covered property 
        under a covered contract takes effect beginning on the date 
        that all obligations for such coverage (including completion of 
        the application and payment of any initial premiums owed) were 
        satisfactorily completed.
            (2) Definitions.--In this subsection:
                    (A) Covered contract.--The term ``covered 
                contract'' means a new contract for flood insurance 
                coverage under the National Flood Insurance Act of 1968 
                (42 U.S.C. 4001 et seq.) entered into on or before July 
                20, 2010, or any modification to coverage under an 
                existing flood insurance contract under such Act made 
                on or before that date.
                    (B) Covered property.--The term ``covered 
                property'' means a property that is located in an area 
                that, due to a wildfire that began on June 20, 2010, 
                became more susceptible to flooding than before the 
                occurrence of such wildfire.
                                 <all>
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