I 

117TH CONGRESS 

1ST SESSION H. R. 2995 

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 

MAY 4, 2021 

Miss RICE of New York (for herself and Mr. GARBARINO) 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 2021’’ or the ‘‘NFIP RISC Act of 2021’’. 


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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; 

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

13 Flood Insurance Program has decreased between 15 

14 and 35 percent since 2011; 

15 (5) some of the poorest, most disenfranchised 

16 populations live in floodplains because the land is 

17 cheaper and moving out of such areas is not a fea18 sible solution; and 

19 (6) such communities are significantly impacted 

20 by floods and other extreme weather events and are 

21 often less equipped to rebuild or relocate afterwards. 

22 SEC. 3. REPORT ON IMPACTS OF CHANGES TO FLOOD IN23 SURANCE METHODOLOGY. 

24 Not later than 6 months before implementing any 

25 chargeable premium rate for flood insurance coverage pur26 suant to section 1308 of the National Flood Insurance Act 


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1 of 1968 that is related to a change in flood-risk assess2 ment methodology, the Administrator of the Federal 

3 Emergency Management Agency shall report on the 

4 website of the Agency an analysis of the expected impacts 

5 of such resulting new rates on— 

6 (1) participation of communities in the National 

7 Flood Insurance Program; 

8 (2) chargeable premium rates for flood insur9 ance coverage under such Program and estimated 

10 rates for such coverage pursuant to section 1307 of 

11 the National Flood Insurance Act of 1968 (42 

12 U.S.C. 4014); 

13 (3) chargeable premiums for various categories 

14 of properties, including properties paying less than 

15 risk base rate and properties that are low income, 

16 very low income, and extremely low income, as de17 fined by the Federal Emergency Management report 

18 to the Congress entitled ‘‘An Affordability Frame19 work for the National Flood Insurance Program’’, 

20 released April 17, 2018 (Release Number HQ-18- 

21 035); 

22 (4) National Flood Insurance Program policy23 holders, including annual premium increases and de24 creases; 


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1 (5) the extent to which the number of flood in2 surance claims on a property will influence the prop3 erty’s rating; 

4 (6) the finances of the National Flood Insur5 ance Program; 

6 (7) the community rating system and flood haz7 ard area mapping, including the funding for such 

8 systems, public communications of any such 

9 changes, and floodplain management procedures; 

10 (8) flood mitigation programs, including 

11 changes to flood mitigation grant programs resulting 

12 from a change in rating methodology; 

13 (9) replacement cost value, due to fluctuations 

14 in premium prices; and 

15 (10) the results and conclusions of the report 

16 specified in paragraph (3) of this section. 

17 SEC. 4. PANDEMIC PROTECTION. 

18 The Administrator of the Federal Emergency Man19 agement Agency may not implement any changes to the 

20 flood-risk assessment methodology for the National Flood 

21 Insurance Program— 

22 (1) during the effective period of the emergency 

23 declared by the President on March 13, 2020, pur24 suant to section 501(b) of the Robert T. Stafford 

25 Disaster Relief and Emergency Assistance Act (42 


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1 U.S.C. 5121(b)), relating to the Coronavirus Disease 

2 2019 (COVID–19); or 

3 (2) during the 6-month period that begins upon 

4 the termination of such effective period. 

Æ 


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