(B) by striking ‘‘the President for submis-
sion to’’; and 
(C) by inserting ‘‘not later than June 30 
of each year’’ before the period at the end; 
(3) in subsection (b), by striking ‘‘biennial’’ and 
inserting ‘‘annual’’; and 
(4) by adding at the end the following new sub-
section: 
‘‘(c) FINANCIAL STATUS OF PROGRAM.—The report 
under this section for each year shall include information 
regarding the financial status of the national flood insur-
ance program under this title, including a description of 
the financial status of the National Flood Insurance Fund 
and current and projected levels of claims, premium re-
ceipts, expenses, and borrowing under the program.’’. 
SEC. 15. FLOOD INSURANCE OUTREACH. 
(a) GRANTS.—Chapter I of the National Flood Insur-
ance Act of 1968 (42 U.S.C. 4011 et seq.), as amended 
by the preceding provisions of this Act, is further amended 
by adding at the end the following new section: 
‘‘SEC. 1326. GRANTS FOR OUTREACH TO PROPERTY OWN-
ERS AND RENTERS. 
‘‘(a) IN GENERAL.—The Director may, to the extent 
amounts are made available pursuant to subsection (h), 
make grants to local governmental agencies responsible for
floodplain management activities (including such agencies 
of Indians tribes, as such term is defined in section 4 of 
the Native American Housing Assistance and Self-Deter-
mination Act of 1996 (25 U.S.C. 4103)) in communities 
that participate in the national flood insurance program 
under this title, for use by such agencies to carry out out-
reach activities to encourage and facilitate the purchase 
of flood insurance protection under this Act by owners and 
renters of properties in such communities and to promote 
educational activities that increase awareness of flood risk 
reduction. 
‘‘(b) OUTREACH ACTIVITIES.—Amounts from a grant 
under this section shall be used only for activities designed 
to— 
‘‘(1) identify owners and renters of properties 
in communities that participate in the national flood 
insurance program, including owners of residential 
and commercial properties; 
‘‘(2) notify such owners and renters when their 
properties become included in, or when they are ex-
cluded from, an area having special flood hazards 
and the effect of such inclusion or exclusion on the 
applicability of the mandatory flood insurance pur-
chase requirement under section 102 of the Flood
Disaster Protection Act of 1973 (42 U.S.C. 4012a) 
to such properties; 
‘‘(3) educate such owners and renters regarding 
the flood risk and reduction of this risk in their 
community, including the continued flood risks to 
areas that are no longer subject to the flood insur-
ance mandatory purchase requirement; 
‘‘(4) educate such owners and renters regarding 
the benefits and costs of maintaining or acquiring 
flood insurance, including, where applicable, lower- 
cost preferred risk policies under this title for such 
properties and the contents of such properties; and 
‘‘(5) encouraging such owners and renters to 
maintain or acquire such coverage. 
‘‘(c) COST SHARING REQUIREMENT.— 
‘‘(1) IN GENERAL.—In any fiscal year, the Di-
rector may not provide a grant under this section to 
a local governmental agency in an amount exceeding 
3 times the amount that the agency certifies, as the 
Director shall require, that the agency will con-
tribute from non-Federal funds to be used with 
grant amounts only for carrying out activities de-
scribed in subsection (b). 
‘‘(2) NON-FEDERAL FUNDS.—For purposes of 
this subsection, the term ‘non-Federal funds’ in-
cludes State or local government agency amounts, 
in-kind contributions, any salary paid to staff to 
carry out the eligible activities of the grant recipient, 
the value of the time and services contributed by vol-
unteers to carry out such services (at a rate deter-
mined by the Director), and the value of any do-
nated material or building and the value of any lease 
on a building. 
‘‘(d) ADMINISTRATIVE COST LIMITATION.—Notwith-
standing subsection (b), the Director may use not more 
than 5 percent of amounts made available under sub-
section (g) to cover salaries, expenses, and other adminis-
trative costs incurred by the Director in making grants 
and provide assistance under this section. 
‘‘(e) APPLICATION AND SELECTION.— 
‘‘(1) IN GENERAL.—The Director shall provide 
for local governmental agencies described in sub-
section (a) to submit applications for grants under 
this section and for competitive selection, based on 
criteria established by the Director, of agencies sub-
mitting such applications to receive such grants. 
‘‘(2) SELECTION CONSIDERATIONS.—In select-
ing applications of local government agencies to re-
ceive grants under paragraph (1), the Director shall 
consider—
‘‘(A) the existence of a cooperative tech-
nical partner agreement between the local gov-
ernmental agency and the Federal Emergency 
Management Agency; 
‘‘(B) the history of flood losses in the rel-
evant area that have occurred to properties, 
both inside and outside the special flood haz-
ards zones, which are not covered by flood in-
surance coverage; 
‘‘(C) the estimated percentage of high-risk 
properties located in the relevant area that are 
not covered by flood insurance; 
‘‘(D) demonstrated success of the local 
governmental agency in generating voluntary 
purchase of flood insurance; and 
‘‘(E) demonstrated technical capacity of 
the local governmental agency for outreach to 
individual property owners. 
‘‘(f) DIRECT OUTREACH BY FEMA.—In each fiscal 
year that amounts for grants are made available pursuant 
to subsection (h), the Director may use not more than 50 
percent of such amounts to carry out, and to enter into 
contracts with other entities to carry out, activities de-
scribed in subsection (b) in areas that the Director deter-
mines have the most immediate need for such activities.
‘‘(g) REPORTING.—Each local government agency 
that receives a grant under this section, and each entity 
that receives amounts pursuant to subsection (f), shall 
submit a report to the Director, not later than 12 months 
after such amounts are first received, which shall include 
such information as the Director considers appropriate to 
describe the activities conducted using such amounts and 
the effect of such activities on the retention or acquisition 
of flood insurance coverage. 
‘‘(h) AUTHORIZATION OF APPROPRIATIONS.—There 
is authorized to be appropriated for grants under this sec-
tion $50,000,000 for each of fiscal years 2008 through 
2012.’’. 
(b) REPORT ON CURRENT EFFORTS.—Not later than 
the expiration of the 60-day period beginning on the date 
of the enactment of this Act, the Director of the Federal 
Emergency Management Agency shall submit a report to 
the Congress identifying and describing the marketing and 
outreach efforts then currently being undertaken to edu-
cate consumers regarding the benefits of obtaining cov-
erage under the national flood insurance program.
SEC. 16. GRANTS FOR DIRECT FUNDING OF MITIGATION 
ACTIVITIES 
FOR 
INDIVIDUAL 
REPETITIVE 
CLAIMS PROPERTIES. 
(a) DIRECT GRANTS TO OWNERS.—Section 1323 of 
the National Flood Insurance Act of 1968 (42 U.S.C. 
4030) is amended— 
(1) in the section heading, by inserting ‘‘DI-
RECT’’ before ‘‘GRANTS’’; and 
(2) in the matter in subsection (a) that pre-
cedes paragraph (1)— 
(A) by inserting ‘‘, to owners of such prop-
erties,’’ before ‘‘for mitigation actions’’; and 
(B) by striking ‘‘1’’ and inserting ‘‘two’’. 
(b) AVAILABILITY OF FUNDS.—Paragraph (9) of sec-
tion 1310(a) of the National Flood Insurance Act of 1968 
(42 U.S.C. 4017(a)) is amended by inserting ‘‘which shall 
remain available until expended,’’ after ‘‘any fiscal year,’’. 
SEC. 17. EXTENSION OF PILOT PROGRAM FOR MITIGATION 
OF SEVERE REPETITIVE LOSS PROPERTIES. 
Section 1361A of the National Flood Insurance Act 
of 1968 (42 U.S.C. 4102a) is amended— 
(1) in subsection (k)(1), by striking ‘‘2005, 
2006, 2007, 2008, and 2009’’ and inserting ‘‘2008, 
2009, 2010, 2011, and 2012’’; and 
(2) by striking subsection (l).
SEC. 18. FLOOD MITIGATION ASSISTANCE PROGRAM. 
(a) ELIGIBILITY OF PROPERTY DEMOLITION AND 
REBUILDING.—Section 1366(e)(5)(B) of the National 
Flood Insurance Act of 1968 (42 U.S.C. 4104c(e)(5)(B)) 
is amended by striking ‘‘or floodproofing’’ and inserting 
‘‘floodproofing, or demolition and rebuilding’’. 
(b) ELIMINATION OF LIMITATIONS ON AGGREGATE 
AMOUNT OF ASSISTANCE.—Section 1366 of the National 
Flood Insurance Act of 1968 is amended by striking sub-
section (f). 
(c) SOURCE OF FUNDS.—Subsection (a) of section 
1367 of the National Flood Insurance Act of 1968 (42 
U.S.C. 4104d(a)) is amended by adding at the end the 
following new sentence: ‘‘Notwithstanding any other provi-
sion of this title, amounts made available pursuant to this 
subsection shall not be subject to offsetting collections 
through premium rates for flood insurance coverage under 
this title.’’. 
(d) TECHNICAL AMENDMENTS.—Section 1366 of the 
National Flood Insurance Act of 1968 is amended— 
(1) by striking ‘‘subsection (g)’’ each place such 
term appears in subsections (h) and (i)(2) and in-
serting ‘‘subsection (f)’’; 
(2) by redesignating subsections (g) through (k) 
as subsections (f) through (j), respectively; and
(3) by redesignating subsection (m) as sub-
section (k). 
SEC. 19. GAO STUDY OF METHODS TO INCREASE FLOOD IN-
SURANCE PROGRAM PARTICIPATION BY LOW- 
INCOME FAMILIES. 
(a) IN GENERAL.—The Comptroller General of the 
United States shall conduct a study to identify and ana-
lyze potential methods, practices, and incentives that 
would increase the extent to which low-income families (as 
such term is defined in section 3(b) of the United States 
Housing Act of 1937 (42 U.S.C. 1437a(b))) that own resi-
dential properties located within areas having special flood 
hazards purchase flood insurance coverage for such prop-
erties under the national flood insurance program. In con-
ducting the study, the Comptroller General shall analyze 
the effectiveness and costs of the various methods, prac-
tices, and incentives identified, including their effects on 
the national flood insurance program. 
(b) REPORT.—The Comptroller General shall submit 
to the Congress a report setting forth the conclusions of 
the study under this section not later than 12 months 
after the date of the enactment of this Act.
SEC. 20. NOTICE OF AVAILABILITY OF FLOOD INSURANCE 
AND ESCROW IN RESPA GOOD FAITH ESTI-
MATE. 
Subsection (c) of section 5 of the Real Estate Settle-
ment Procedures Act of 1974 (12 U.S.C. 2604(c)) is 
amended by adding at the end the following new sentence: 
‘‘Each such good faith estimate shall include the following 
conspicuous statements and information: (1) that flood in-
surance coverage for residential real estate is generally 
available under the national flood insurance program 
whether or not the real estate is located in an area having 
special flood hazards and that, to obtain such coverage, 
a home owner or purchaser should contact the national 
flood insurance program; (2) a telephone number and a 
location on the World Wide Web by which a home owner 
or purchaser can contact the national flood insurance pro-
gram; and (3) that the escrowing of flood insurance pay-
ments is required for many loans under section 102(d) of 
the Flood Disaster Protection Act of 1973, and may be 
a convenient and available option with respect to other 
loans.’’. 
SEC. 21. REITERATION OF FEMA RESPONSIBILITIES UNDER 
2004 REFORM ACT. 
(a) APPEALS PROCESS.—As directed in section 205 
of the Bunning-Bereuter-Blumenauer Flood Insurance 
Reform Act of 2004 (42 U.S.C. 4011 note), the Director
of the Federal Emergency Management Agency is again 
directed to, not later than 90 days after the date of the 
enactment of this Act, establish an appeals process 
through which holders of a flood insurance policy may ap-
peal the decisions, with respect to claims, proofs of loss, 
and loss estimates relating to such flood insurance policy 
as required by such section. 
(b) MINIMUM TRAINING AND EDUCATION REQUIRE-
MENTS.—The Director of the Federal Emergency Man-
agement Agency is directed to continue to work with the 
insurance industry, State insurance regulators, and other 
interested parties to implement the minimum training and 
education standards for all insurance agents who sell flood 
insurance policies that were established by the Director 
under the notice published September 1, 2005 (70 Fed. 
Reg. 52117) pursuant to section 207 of the Bunning-Be-
reuter-Blumenauer Flood Insurance Reform Act of 2004 
(42 U.S.C. 4011 note). 
(c) REPORT.—Not later than the expiration of the 6- 
month period beginning on the date of the enactment of 
this Act, the Director of the Federal Emergency Manage-
ment Agency shall submit a report to the Congress de-
scribing the implementation of each provision of the 
Bunning-Bereuter-Blumenauer Flood Insurance Reform 
Act of 2004 (Public Law 108–264) and identifying each
regulation, order, notice, and other material issued by the 
Director in implementing each such provision. 
SEC. 22. ONGOING MODERNIZATION OF FLOOD MAPS AND 
ELEVATION STANDARDS. 
(a) ONGOING FLOOD MAPPING PROGRAM.—Section 
1360 of the National Flood Insurance Act of 1968 (42 
U.S.C. 4101) is amended by adding at the end the fol-
lowing new subsection: 
‘‘(k) ONGOING PROGRAM TO REVIEW, UPDATE, AND 
MAINTAIN FLOOD INSURANCE PROGRAM MAPS.— 
‘‘(1) IN GENERAL.—The Director, in coordina-
tion with the Technical Mapping Advisory Council 
established pursuant to section 576 of the National 
Flood Insurance Reform Act of 1994 (42 U.S.C. 
4101 note) and section 22(b) of the Flood Insurance 
Reform and Modernization Act of 2007, shall estab-
lish an ongoing program under which the Director 
shall review, update, and maintain national flood in-
surance program rate maps in accordance with this 
subsection. 
‘‘(2) INCLUSIONS.— 
‘‘(A) COVERED
AREAS.—Each map up-
dated under this subsection shall include a de-
piction of— 
‘‘(i) the 500-year floodplain;
‘‘(ii) areas that could be inundated as 
a result of the failure of a levee, as deter-
mined by the Director; 
‘‘(iii) areas that could be inundated as 
a result of the failure of a dam, as identi-
fied under the National Dam Safety Pro-
gram Act (33 U.S.C. 467 et seq.); and 
‘‘(iv) the 100-year floodplain, includ-
ing any area that would be in the 100-year 
floodplain if not protected by a levee, dam, 
or other man-made structure. 
‘‘(B) OTHER
INCLUSIONS.—In updating 
maps under this subsection, the Director may 
include— 
‘‘(i) any relevant information on 
coastal inundation from— 
‘‘(I) an applicable inundation 
map of the Corps of Engineers; and 
‘‘(II) data of the National Oce-
anic and Atmospheric Administration 
relating to storm surge modeling; 
‘‘(ii) any relevant information of the 
Geographical Service on stream flows, wa-
tershed characteristics, and topography 
that is useful in the identification of flood