‘‘(i) RECAPTURE.—If the Director determines that a
State, community, or individual that has received mitiga-
tion assistance has not carried out the mitigation activities
as set forth in the mitigation plan or application, the Di-
rector shall recapture any unexpended amounts and de-
posit the amounts in the Fund.
‘‘(j) DEFINITION OF COMMUNITY.—For purposes of
this section, the term ‘community’ means a political sub-
division that has zoning and building code jurisdiction over
a particular area having special flood hazards, and that
is participating in the National Flood Insurance Program.
‘‘(k) PREFERENCES FOR MITIGATION GRANTS TO
COMMUNITIES.—
‘‘(1) 
COST-BENEFICIALNESS.—In 
providing
mitigation grants to communities under this section,
the Director shall give preference to communities
and individuals with mitigation plans that are the
most cost-beneficial to the National Flood Insurance
Program.
‘‘(2) ADDITIONAL
OPTIONAL
CRITERIA.—Sub-
ject to paragraph (1), in providing mitigation grants
to communities under this section, the Director may
give preference to communities that—
‘‘(A) have the highest rates of participation
by property owners in the National Flood
Insurance Program;
‘‘(B) have qualified for credits on premium
rates under section 1315(b); and
‘‘(C) have experienced repetitive losses that
have been most costly to the Fund.’’.
(b) REGULATIONS.—Not later than 6 months after
date of enactment of this Act, the Director shall issue reg-
ulations implementing section 1367 of the National Flood
Insurance Act of 1968, as added by subsection (a).
SEC. 404. REPEAL OF PROGRAM FOR PURCHASE OF CER-
TAIN INSURED PROPERTIES.
(a) REPEAL.—Section 1362 of the National Flood In-
surance Act of 1968 (42 U.S.C. 4103) is repealed.
(b) TRANSITION.—Notwithstanding the repeal under
subsection (a), the Director may continue to purchase
property under subsections (a) and (b) of section 1362
of the National Flood Insurance Act of 1968, as such sec-
tion existed immediately before the date of enactment of
this Act, for a period of 1 year beginning on the date of
enactment of this Act.
SEC. 405. TERMINATION OF EROSION THREATENED STRUC-
TURES PROGRAM.
(a) IN GENERAL.—Section 1306 of the National
Flood Insurance Act of 1968 (42 U.S.C. 4013) is amended
by striking subsection (c).
(b) TRANSITION.—The Director may pay amounts
under flood insurance contracts for demolition or reloca-
tion of structures as provided in section 1306(c) of the
National Flood Insurance Act of 1968 (as in effect imme-
diately before the date of enactment of this Act) only dur-
ing the 1-year period beginning on the date of enactment
of this Act.
TITLE 
V—TASK 
FORCE, 
ADVI-
SORY COUNCIL, AND STUDIES
SEC. 501. FLOOD INSURANCE INTERAGENCY TASK FORCE.
(a) ESTABLISHMENT.—There is established an inter-
agency task force to be known as the Flood Insurance
Task Force (hereafter in this title referred to as the ‘‘Task
Force’’).
(b) MEMBERSHIP.—
(1) IN GENERAL.—The Task Force shall con-
sist of 13 members, who shall be the designees of—
(A) the Director;
(B) the Federal Housing Commissioner;
(C) the Secretary of Veterans Affairs;
(D) the Administrator of the Farmers
Home Administration;
(E) the Administrator of the Small Busi-
ness Administration;
(F) each member of the Federal Financial
Institutions Examination Council;
(G) the chairman of the Board of Direc-
tors of the Federal Home Loan Mortgage Cor-
poration;
(H) the chairman of the Board of Direc-
tors of the Federal National Mortgage Associa-
tion; and
(I) the chairman of the Federal Agricul-
tural Mortgage Corporation.
(2) QUALIFICATIONS.—Members of the Task
Force shall be designated for membership on the
Task Force by reason of demonstrated knowledge
and competence regarding the National Flood Insur-
ance Program.
(c) DUTIES.—The Task Force shall—
(1) make recommendations to the head of each
Federal agency and corporation referred to under
subsection (b)(1) regarding the establishment or
adoption of standardized enforcement procedures
among such agencies and corporations responsible
for enforcing compliance with the requirements
under the National Flood Insurance Program to en-
sure the fullest possible compliance with such re-
quirements;
(2) study the extent to which Federal agencies
and the secondary mortgage market can provide as-
sistance in ensuring compliance with the require-
ments under the National Flood Insurance Program;
(3) study the extent to which existing programs
of Federal agencies and corporations for compliance
with the requirements under the National Flood In-
surance Program can serve as a model for other
Federal agencies responsible for enforcing compli-
ance, and submit to the Congress a report describing
the study and any conclusions;
(4) study—
(A) the extent to which the flood insurance
premium rate structure could be revised, con-
sistent with the goal of providing affordable
flood insurance, to minimize existing premium
rate subsidies, and account for catastrophic loss
events; and
(B) how changes in the premium rate
structure could potentially impact other Federal
disaster assistance programs;
(5) propose strategies, consistent with the goal
of providing affordable flood insurance, to establish
an actuarial-based premium structure to account for
all insurable flood-related risks identified under the
National Flood Insurance Act of 1968, as amended
by this Act; and
(6) develop guidelines regarding enforcement
and compliance procedures, based on the studies and
findings of the Task Force and publishing the guide-
lines in a usable format.
(d) REPORTS.—Not later than 2 years after the date
of enactment of this Act, the Task Force shall transmit
to the Congress a report describing its studies and any
conclusions.
(e) COMPENSATION.—Members of the Task Force
shall receive no additional compensation by reason of their
service on the Task Force.
(f) CHAIRPERSON.—The members of the Task Force
shall elect 1 member to serve as the chairperson of the
Task Force (hereafter in this section referred to as the
‘‘Chairperson’’).
(g) MEETINGS AND ACTION.—The Task Force shall
meet at the call of the Chairperson or a majority of the
members of the Task Force and may take action by a vote
of the majority of the members. The Federal Insurance
Administrator shall coordinate and call the initial meeting
of the Task Force.
(h) OFFICERS.—The Chairperson may appoint offi-
cers to carry out the duties of the Task Force under sub-
section (c).
(i) STAFF OF FEDERAL AGENCIES.—Upon the re-
quest of the Chairperson, the head of any of the Federal
agencies and corporations referred to in subsection (b)(1)
may detail, on a nonreimbursable basis, any of the person-
nel of the agency to the Task Force to assist the Task
Force in carrying out its duties under this Act.
(j) POWERS.—In carrying out this section, the Task
Force may hold hearings, sit and act at times and places,
take testimony, receive evidence and assistance, provide
information, and conduct research as the Task Force con-
siders appropriate.
(k) TERMINATION.—The Task Force shall terminate
2 years after the date on which all members of the Task
Force have been designated under subsection (b)(1).
SEC. 502. TECHNICAL MAPPING ADVISORY COUNCIL.
(a) ESTABLISHMENT.—There is established a council
to be known as the Technical Mapping Advisory Council
(hereafter in this section referred to as the ‘‘Council’’).
(b) MEMBERSHIP.—
(1) IN GENERAL.—The Council shall consist of
the Director, or the Director’s designee, and 12 ad-
ditional members to be appointed by the Director or
his designee, and shall include—
(A) the Under Secretary of Commerce for
Oceans and Atmosphere (or his or her des-
ignee);
(B) a member of recognized surveying and
mapping professional associations and organiza-
tions;
(C) a member of recognized professional
engineering associations and organizations;
(D) a member of recognized professional
associations or organizations representing flood
hazard determination firms;
(E) a representative of the United States
Geologic Survey;
(F) a representative of State geologic sur-
vey programs;
(G) a representative of State national flood
insurance coordination offices;
(H) a representative of the Federal Na-
tional Mortgage Association and the Federal
Home Loan Mortgage Corporation; and
(I) a representative of a regulated lending
institution.
(2) QUALIFICATIONS.—Members of the Council
shall be appointed based on their demonstrated
knowledge and competence regarding surveying, car-
tography, remote sensing, geographic information
systems, or the technical aspects of preparing and
using flood insurance rate maps.
(c) DUTIES.—The Council shall—
(1) make recommendations to the Director on
how to improve in a cost-effective manner the accu-
racy, general quality, ease of use, and distribution
and dissemination of flood insurance rate maps;
(2) recommend to the Director mapping stand-
ards and guidelines for flood insurance rate maps;
and
(3) transmit an annual report to the Director
describing—
(A) the activities of the Council;
(B) an evaluation of the status and per-
formance of flood insurance rate maps and
mapping activities to update and revise flood in-
surance rate maps as established by the amend-
ments made under section 604; and
(C) a summary of recommendations made
by the Council to the Director.
(d) CHAIRPERSON.—The members of the Council
shall elect 1 member to serve as the chairperson of the
Council (hereafter in this section referred to as the
‘‘Chairperson’’).
(e) COORDINATION.—To ensure that the Council’s
recommendations are consistent to the maximum extent
practicable with national digital spatial data collection and
management standards, the Chairperson shall consult with
the Chairperson of the Federal Geographic Data Commit-
tee (established pursuant to OMB Circular A–16).
(f) COMPENSATION.—Members of the Council shall
receive no additional compensation by reason of their serv-
ice on the Council.
(g) MEETINGS AND ACTIONS.—
(1) IN GENERAL.—The Council shall meet not
less than twice each year at the request of the
Chairperson or a majority of its members and may
take action by a vote of the majority of the mem-
bers.
(2) INITIAL MEETING.—The Director, or a per-
son designated by the Director, shall request and co-
ordinate the initial meeting of the Council.
(h) OFFICERS.—The Chairperson may appoint offi-
cers to assist in carrying out the duties of the Council
under subsection (c).
(i) STAFF OF THE FEDERAL EMERGENCY MANAGE-
MENT AGENCY.—Upon the request of the Chairperson,
the Director may detail, on a nonreimbursable basis, per-
sonnel of the Federal Emergency Management Agency to
assist the Council in carrying out its duties.
(j) POWERS.—In carrying out this section, the Coun-
cil may hold hearings, receive evidence and assistance, pro-
vide information, and conduct research as it considers ap-
propriate.
(k) TERMINATION.—The Council shall terminate 5
years after the date on which all members of the Council
have been appointed under subsection (b)(1).
SEC. 503. ECONOMIC IMPACT STUDY OF EROSION HAZARD
AREAS.
(a) REPORT TO CONGRESS.—Not later than 3 years
after the date of enactment of this Act, the Director shall
submit to the Congress a report assessing the economic
impact of the denial of flood insurance and the establish-
ment of actuarial rates on communities that are likely to
be identified as having erosion hazard areas. The report
shall include—
(1) a listing of all communities that are likely
to be identified having an erosion hazard area;
(2) an independent assessment, after consulta-
tion with such communities, of the economic impact
of the denial of flood insurance for new construction
and the assessment of actuarial rates in the erosion
hazard areas, including the impact on—
(A) the value of residential and commercial
properties in the erosion hazard area;
(B) community tax revenues due to
changes in property values or commercial activ-
ity;
(C) employment, including the potential
loss of existing and new jobs in the community;
(D) existing businesses and future eco-
nomic development; and
(E) the estimated cost of Federal and
State disaster assistance to flood victims that
would have otherwise been insured by available
and affordable flood insurance;
(3) an estimate of the cross-subsidy of insur-
ance premiums in such communities, and the impact
of eliminating the cross-subsidy on those commu-
nities and the financial condition of the National
Flood Insurance Fund;
(4) the estimated savings to the National Flood
Insurance Program likely to result from expending
$25,000,000 from the National Flood Insurance
Fund to map erosion hazard areas; and
(5) an assessment of the need for the develop-
ment of a Community Erosion Hazard Management
Program and, if needed, recommendations consistent
with the goal of providing affordable flood insurance
protection under the National Flood Insurance Pro-
gram, which would minimize the economic impact on
communities assessed under paragraph (2).
(b) DEFINITION OF EROSION HAZARD AREA.—For
the purposes of this section, the term ‘‘erosion hazard
area’’ means, based on erosion rate information and other
historical data available, an area where erosion or avulsion
is likely to result in damage to or loss of buildings and
infrastructure during a 60-year period.
(c) AUTHORIZATION OF APPROPRIATION.—There are
authorized to be appropriated to the Director $1,000,000
to carry out this section.
SEC. 504. JUSTIFICATION FOR GOVERNMENT OPERATION
OF 
THE 
NATIONAL 
FLOOD 
INSURANCE
PROGRAM AND DETERMINATION OF THE
FEASIBILITY AND AVAILABILITY OF PRIVATE
SECTOR FLOOD INSURANCE COVERAGE.
(a) REPORT TO CONGRESS.—Not later than 3 years
after the date of enactment of this Act, the Director shall
submit to the Congress a report containing—
(1) a determination of whether or not it would
be feasible for the National Flood Insurance Pro-
gram, as established under the National Flood In-
surance Act of 1968, to be administered by the pri-
vate insurance industry in accordance with part A of
chapter II of such Act and recommendations for
modifications to the program to facilitate adminis-
tration by the private insurance industry;
(2) if applicable, the reasons and justification,
in accordance with section 1340 of the National
Flood Insurance Act of 1968, for a determination
that the operation of the National Flood Insurance
Program cannot be carried out without the Federal
Government’s assumption of the operational respon-
sibility for flood insurance under the National Flood
Insurance Act of 1968;
(3) the estimated impact on the availability and
affordability of flood insurance if the National Flood
Insurance Program were to be administered by the
private insurance industry;
(4) the estimated impact on the cost and effi-
ciency of other Federal emergency management pro-
grams, including Federal disaster assistance, if the
National Flood Insurance Program were to be ad-
ministered by the private insurance industry;
(5) the effect of the Federal Government’s as-
sumption of the operational responsibility for flood
insurance on the availability and affordability of pri-
vate flood insurance coverage; and
(6) the availability and cost of private flood in-
surance in each of the communities participating in
the National Flood Insurance Program, including a
directory of private sector insurance providers.
TITLE VI—MISCELLANEOUS
PROVISIONS
SEC. 
601. 
MAXIMUM 
FLOOD 
INSURANCE 
COVERAGE
AMOUNTS.
(a) IN GENERAL.—Section 1306(b) of the National
Flood Insurance Act of 1968 (42 U.S.C. 4013(b)) is
amended—
(1) in paragraph (1)(A)—
(A) by inserting ‘‘and’’ at the end of clause
(i); and
(B) by striking clause (iii);
(2) by striking subparagraph (B) of paragraph
(1) and inserting the following new subparagraph:
‘‘(B) in the case of any nonresidential
property, including churches—
‘‘(i) $100,000 aggregate liability for
each structure; and
‘‘(ii) $100,000 aggregate liability for
any contents related to each structure;’’;
(3) by striking subparagraph (C) of paragraph
(1);
(4) in paragraph (2), by striking ‘‘so as to en-
able’’ and all that follows through the end of the
paragraph and inserting ‘‘up to an amount, includ-
ing the limits specified in clause (i) of paragraph
(1)(A), of $250,000 multiplied by the number of
dwelling units in the building;’’;
(5) in paragraph (3), by striking ‘‘so as to en-
able’’ and all that follows through the end of the
paragraph and inserting ‘‘up to an amount, includ-
ing the limits specified in clause (ii) of paragraph
(1)(A), of $100,000 for any single-family dwelling
and $250,000 for any residential structure contain-
ing more than one dwelling unit;’’; and
(6) by striking paragraph (4) and inserting the
following new paragraph:
‘‘(4) in the case of any nonresidential property,
including churches, additional flood insurance in ex-
cess of the limits specified in clauses (i) and (ii) of
paragraph (1)(B) shall be made available to every
insured upon renewal and every applicant for insur-
ance up to an amount, including the limits specified
in paragraph (1)(B), of $2,400,000 for each struc-
ture and $2,400,000 for any contents related to each
structure; and’’.
(b) ACTUARIAL RISK PREMIUMS
ON REPETITIVE
LOSS STRUCTURES.—Section 1306(b) of the National
Flood Insurance Act of 1968 (42 U.S.C. 4013(b)) is
amended—
(1) in paragraph (5), by striking ‘‘and’’ at the
end;
(2) in paragraph (6), by striking the period at
the end and inserting a semicolon; and
(3) by adding at the end the following new
paragraph:
‘‘(7) upon determining that a property is a re-
petitive loss structure, and after making a payment
to the insured under section 1304(e), the Director
shall charge the applicable risk premium rate for
flood insurance based on consideration of the risk in-
volved and accepted actuarial principles under sec-
tion 1307(a)(1), except that the Director may not
increase the premium rate above the level authorized
in paragraph (7); and’’.
(c) ANNUAL 10-PERCENT PREMIUM RATE INCREASE
CAP.—Section 1306(b) of the National Flood Insurance
Act of 1968 (42 U.S.C. 4013(b)) is amended by adding
at the end the following:
‘‘(8) the Director may not increase the pre-
mium rate applied to a structure in any 12-month
period by more than 10 percent over the rate pre-
viously applied to that structure during the preced-
ing 12-month period.’’.
(d) 
CONFORMING
AMENDMENTS.—Section
1306(b)(5) of the National Flood Insurance Act of 1968
(42 U.S.C. 4013(b)(5)) is amended—
(1) by striking ‘‘(A), (B), or (C)’’ and inserting
‘‘(A) or (B)’’; and
(2) by striking ‘‘(1)(C),’’.
SEC. 602. ADDITIONAL COVERAGE FOR COMPLIANCE WITH
LAND USE AND CONTROL MEASURES.
(a) IN GENERAL.—Section 1304(e) of the National
Flood Insurance Act of 1968 (42 U.S.C. 4011(a)) is
amended by inserting before the period ‘‘, including the
cost of compliance with land use and control measures for
properties that are repetitive loss structures or that have
flood damage in which the cost of repairs equals or exceeds
50 percent of the value of the structure at the time of
the flood event. The Director shall impose a uniform sur-
charge on each insured of not more than $30 per policy
to provide cost of compliance coverage under this section’’.
(b) APPLICABILITY.—The provisions of subsection
(a) shall apply only to structures that sustain flood-related
damage after the date of enactment of this Act.
(c) REPORT.—Not later than 5 years after the date
of enactment of this Act, the Director shall submit a re-
port to the Congress describing the activities undertaken
to provide insurance coverage for the cost of compliance
with land use and control measures under subsection (a).
Such report shall evaluate the costs and savings to the
National Flood Insurance Program resulting from provid-
ing this additional coverage.
SEC. 603. FLOOD INSURANCE PROGRAM ARRANGEMENTS
WITH PRIVATE INSURANCE ENTITIES.
Section 1345(b) of the National Flood Insurance Act
of 1968 (42 U.S.C. 4081(b)) is amended by striking the
period at the end and inserting the following: ‘‘and without
regard to the provisions of the Federal Advisory Commit-
tee Act.’’.
SEC. 604. UPDATING OF FLOOD INSURANCE MAPS AND
IDENTIFICATION 
OF 
EROSION 
HAZARD
AREAS.
Section 1360 of the National Flood Insurance Act of
1968 (42 U.S.C. 4101) is amended by adding at the end
the following new subsections:
‘‘(e) ASSESSMENT OF NEED TO UPDATE AREAS.—
(1) Once during each 5-year period (the 1st such period
beginning on the date of enactment of the National Flood
Insurance Program Improvement Act of 1994), or more
often as the Director determines necessary, the Director
shall assess the need to revise and update the flood insur-
ance rate map.
‘‘(2) Upon the request of a State or community stat-
ing that a flood insurance rate map needs revision or up-
dating, the Director shall review and update the flood in-
surance rate map for the State or community. The Direc-
tor may require the State or community to pay a portion
of the cost of updating the map.
‘‘(f) AVAILABILITY.—To promote compliance with the
requirements of this title, the Director shall make flood
insurance rate maps and related information available free
of charge to Federal agencies and to State agencies di-
rectly responsible for coordinating the National Flood In-
surance Program and to appropriate representatives of
communities participating in the National Flood Insur-
ance Program, and at a reasonable cost to all other per-
sons pursuant to section 1310.
‘‘(g) NOTIFICATION.—The Director shall publish in
the Federal Register or by other comparable method, no-
tices of changes to flood insurance map panels, and
changes to flood insurance map panels issued in the form
of Letters of Map Amendment and Letters of Map Revi-
sion. The map change or revision shall become effective
upon publication. Such comparable methods shall include
all pertinent information, provide for regular and frequent
distribution, and be at least as accessible to map users
as the Federal Register. Notices published in the Federal
Register, or otherwise, shall also include information on
how to obtain copies of the changes or revisions.
‘‘(h) AVAILABILITY.—On March 1 and October 1 of
each year, the Director shall publish separately and make
available in their entirety within a compendium, all
changes and revisions to flood insurance map panels and
all Letters of Map Amendment and Letters of Map Revi-
sion that were published in the Federal Register or distrib-
uted through other comparable methods during the pre-
ceding 6 months, free of charge, to Federal agencies,
States, and communities participating in the National
Flood Insurance Program pursuant to section 1310 and
at cost to all other persons.’’.
SEC. 605. AGRICULTURAL STRUCTURES.
Section 1361 of the National Flood Insurance Act of
1968 (42 U.S.C. 4102) is amended by adding at the end
the following new subsection:
‘‘(d) AGRICULTURAL STRUCTURES.—
‘‘(1) EXEMPTION
FROM
FLOODWAY
ACTIVITY
RESTRICTIONS.—Notwithstanding any other provi-
sion of law, the adequate land use and control meas-
ures adopted in an area (or subdivision thereof) pur-
suant to section 1315(a) may provide, at the discre-
tion of the appropriate State or local authority, for
the repair and restoration to pre-damaged conditions
of an agricultural structure that—
‘‘(A) is a repetitive loss structure; or
‘‘(B) has incurred flood-related damage to
the extent that the cost of restoring the struc-
ture to its pre-damaged condition would equal
or exceed 50 percent of the market value of the
structure before the damage occurred.
‘‘(2) DEFINITIONS.—For purposes of this sub-
section—
‘‘(A) the term ‘agricultural structure’
means any structure used exclusively in connec-
tion with the production, harvesting, storage,
raising, or drying of agricultural commodities;
and
‘‘(B) the term ‘agricultural commodities’
means agricultural commodities and livestock.’’.
SEC. 606. FUNDING FOR INCREASED ADMINISTRATIVE AND
OPERATIONAL RESPONSIBILITIES.
(a) AVAILABILITY OF FUND.—Section 1310(a) of the
National Flood Insurance Act of 1968 (42 U.S.C.
4017(a)), as amended by section 303, is amended—
(1) in the matter preceding paragraph (1), by
inserting ‘‘(except as otherwise provided)’’ after
‘‘without fiscal year limitation’’;
(2) in paragraph (6), as added by section 303
of this Act, by striking the period at the end and in-
serting ‘‘; and’’; and
(3) by adding at the end the following new
paragraph:
‘‘(7) for revising and updating flood insurance
rate maps under section 1360(i), except that the
fund shall be available for the purpose under this
paragraph in an amount not to exceed $2,000,000,
in each fiscal year beginning after the expiration of
the 2-year period beginning on the date of enact-
ment of the National Flood Insurance Program Im-
provement Act of 1994.’’.
(b) CREDITS OF FUND.—Section 1310(b) of the Na-
tional Flood Insurance Act of 1968 (42 U.S.C. 4017(b))
is amended—
(1) in paragraph (5), by striking ‘‘and’’ at the
end;
(2) by redesignating paragraph (6) as para-
graph (7); and
(3) by inserting after paragraph (5) the follow-
ing new paragraph:
‘‘(6) any penalties collected under section
102(f) of the Flood Disaster Protection Act of 1973;
and’’.
SEC. 607. SEPARATE ACCOUNT FOR FLOOD INSURANCE
FUND.
Section 1310(a) of the National Flood Insurance Act
(42 U.S.C. 4017(a)) is amended by inserting before
‘‘which shall be available’’ the following: ‘‘which shall be
maintained in the Treasury as an account separate from
any other funds available to the Director, and’’.
SEC. 608. NONWAIVER OF FLOOD PURCHASE REQUIRE-
MENT FOR RECIPIENTS OF FEDERAL DISAS-
TER ASSISTANCE.
Section 311(b) of the Robert T. Stafford Disaster Re-
lief and Emergency Assistance Act (42 U.S.C. 5154(b))
is amended by adding at the end the following: ‘‘The re-
quirements of this subsection may not be waived under
section 301.’’.
SEC. 609. INSURANCE WAITING PERIOD.
Section 1308 of the National Flood Insurance Act of
1968 (42 U.S.C. 4014) is amended by adding at the end
the following new subsection:
‘‘(e)(1) The Director shall establish a waiting period
of not less than 10 days from the presentment of payment
of a premium for the initial purchase of flood insurance
under this title. Flood insurance coverage shall not be
available with respect to any claim for damage incurred
during such waiting period.
‘‘(2) This subsection shall not apply to the initial pur-
chase of flood insurance under this title when the purchase
of insurance is in connection with the making, increasing,
extension, or renewal of a loan.’’.
SEC. 610. IMPLEMENTATION REVIEW BY THE DIRECTOR.
Section 1320 of the National Flood Insurance Act of
1968 (42 U.S.C. 4027) is amended—
(1) by striking ‘‘The Director’’ and inserting
the following:
‘‘(a) IN GENERAL.—The Director’’; and
(2) by adding at the end the following new sub-
section: