(3) Conduct a study of the extent to which exist-
ing programs of Federal agencies and corporations for
compliance with the requirements under the national
flood insurance program can serve as a model for
other Federal agencies responsible for enforcing com-
pliance, and submit to the Congress a report describ-
ing the study and any conclusions.
(4) Develop guidelines regarding enforcement
and compliance procedures, based on the studies and
findings of the Task Force, and publish the guidelines
in a usable format.
(d) NONCOMPENSATION.—Members of the Task Force
shall receive no additional pay by reason of their service
on the Task Force.
(e) CHAIRPERSON.—The members of the Task Force
shall elect one member as chairperson of the Task Force.
(f) MEETINGS AND ACTION.—The Task Force shall
meet at the call of the chairman or a majority of the mem-
bers of the Task Force and may take action by a vote of
the majority of the members. The Federal Insurance Admin-
istrator shall coordinate and call the initial meeting of the
Task Force.
(g) OFFICERS.—The chairperson of the Task Force
may appoint any officers to carry out the duties of the Task
Force under subsection (c).
(h) STAFF OF FEDERAL AGENCIES.—Upon request of
the chairperson of the Task Force, the head of any of the
Federal agencies and corporations referred to under sub-
section (b)(1) may detail, on a nonreimbursable basis, any
of the personnel of such agency to the Task Force to assist
the Task Force in carrying out its duties under this Act.
(i) 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 in-
formation, and conduct research as the Task Force considers
appropriate.
(j) SUBCOMMITTEE
ON NATURAL
AND BENEFICIAL
FUNCTIONS OF THE FLOODPLAIN.—The members of the
Task Force appointed under subparagraphs (I), (J), and
(K) of subsection (b)(1) shall constitute a select subcommit-
tee which, in addition to their duties under subsection (c),
shall make recommendations regarding the implementation
of the provisions of the National Flood Insurance Act of
1968 that deal with protection of the natural and beneficial
functions of the floodplain.
(k) TERMINATION.—The Task Force shall terminate
upon the expiration of the 24-month period beginning upon
the designation of the last member to be designated under
subsection (b)(1).
TITLE VI—MISCELLANEOUS
PROVISIONS
SEC. 601. LIMITATION ON PREMIUM AND SURCHARGE IN-
CREASES.
(a) PROPERTY-SPECIFIC LIMITATION.—Section 1308
of the National Flood Insurance Act of 1968 (42 U.S.C.
4013(b)) is amended—
(1) in subsection (c), by striking ‘‘Notwithstand-
ing any other provision of this title’’ and inserting
‘‘Subject only to the limitation under subsection (e)’’;
and
(2) by inserting after subsection (d) the following
new subsection:
‘‘(e) ANNUAL LIMITATION
ON PREMIUM
AND SUR-
CHARGE INCREASES.—Notwithstanding any other provi-
sion of this title, the sum of the risk premium rate for flood
insurance and the erosion hazard zone surcharge that are
charged under this title for any property may not be in-
creased in an amount that would result in the sum of such
rate and surcharge increases for the property during any
12-month period exceeding 10 percent of the sum of the
amounts of the risk premium rate and erosion hazard zone
surcharge applicable to the property upon the commence-
ment of such 12-month period.’’.
(b) REPEAL OF PROGRAM-WIDE LIMITATION.—Sub-
section (d) of section 541 of the Housing and Community
Development Act of 1987 (42 U.S.C. 4015 note) is hereby
repealed.
SEC. 
602. 
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 amend-
ed as follows:
(1) RESIDENTIAL PROPERTY.—In paragraph (2),
by striking ‘‘an amount of $150,000 under the provi-
sions of this clause’’ and inserting the following: ‘‘a
total amount (including such limits specified in para-
graph (1)(A)(i)) equal to the dollar amount limita-
tion pursuant to section 305(a)(2) of the Federal
Home Loan Mortgage Corporation Act in effect for a
single-family residence’’.
(2) RESIDENTIAL
PROPERTY
CONTENTS.—In
paragraph (3), by striking ‘‘an amount of $50,000
under the provisions of this clause’’ and inserting the
following: ‘‘a total amount (including such limits
specified in paragraph (1)(A)(ii)) of $100,000’’.
(3) NONRESIDENTIAL
PROPERTY
AND
CON-
TENTS.—By striking paragraph (4) and inserting the
following new paragraph:
‘‘(4) in the case of any nonresidential property,
including churches, for which the risk premium rate
is determined in accordance with the provisions of
section 1307(a)(1), additional flood insurance in ex-
cess of the limits specified in subparagraphs (B) and
(C) of paragraph (1) shall be made available to every
insured upon renewal and every applicant for insur-
ance, in respect to any single structure, up to a total
amount (including such limits specified in subpara-
graph (B) or (C) or paragraph (1), as applicable) of
$500,000 for each structure and $500,000 for any
contents related to each structure; and’’.
(b) REMOVAL OF CEILING ON COVERAGE REQUIRED.—
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 and inserting a period; and
(2) by striking paragraph (6).
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 pe-
riod at the end and inserting the following: ‘‘and without
regard to the provisions of the Federal Advisory Committee
Act (5 U.S.C. App.).’’.
SEC. 604. UPDATING OF FLOOD MAPS AND ASSESSMENT
AND MAPPING OF EROSION HAZARD ZONES.
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) REVIEW OF FLOOD MAPS.—Once during each 5-
year period (the 1st such period beginning on the date of
the enactment of the National Flood Insurance Reform Act
of 1994) or more often as the Director determines necessary
because of storm-induced erosion, increased watershed devel-
opment, or other extraordinary situations, the Director
shall assess the need to revise and update all floodplain
areas and flood risk zones identified, delineated, or estab-
lished under this section.
‘‘(f) UPDATING FLOOD MAPS.—The Director shall re-
vise and update any floodplain areas and flood-risk zones—
‘‘(1) upon the determination of the Director, ac-
cording to the assessment under subsection (e), that
revision and updating are necessary for the areas and
zones; or
‘‘(2) upon the request from any State or local
government stating that specific floodplain areas or
flood-risk zones in the State or locality need revision
or updating, if sufficient technical data justifying the
request is submitted and the unit of government mak-
ing the request agrees to provide funds in an amount
equal to the amount of funds provided by the Director
(or the equivalent value of data, technical analysis, or
other in-kind services) for the requested revision or
update.
‘‘(g) AVAILABILITY
OF FLOOD MAPS.—To promote
compliance with the requirements of this title, the Director
shall make flood insurance rate maps and related informa-
tion available free of charge to State agencies directly re-
sponsible for coordinating the national flood insurance pro-
gram and to appropriate representatives of communities
participating in the national flood insurance program, and
at a reasonable cost to all other persons. Any receipts result-
ing from this subsection shall be deposited in the National
Flood Insurance Fund, pursuant to section 1310(b)(6).
‘‘(h) NOTIFICATION OF FLOOD MAP CHANGES.—The
Director shall cause notice to be published in the Federal
Register (or shall provide notice by another comparable
method) of any change to flood insurance map panels and
any change to flood insurance map panels issued in the
form of a letter of map amendment or a letter of map revi-
sion. Such notice shall be published or otherwise provided
not later than 30 days after the map change or revision
becomes effective. Notice by any method other than publica-
tion in the Federal Register shall include all pertinent in-
formation, provide for regular and frequent distribution,
and be at least as accessible to map users as notice in the
Federal Register. All notices under this subsection shall in-
clude information on how to obtain copies of the changes
or revisions.
‘‘(i) COMPENDIA OF FLOOD MAP CHANGES.—Every 6
months, the Director shall publish separately in their en-
tirety within a compendium, all changes and revisions to
flood insurance map panels and all letters of map amend-
ment and letters of map revision for which notice was pub-
lished in the Federal Register or otherwise provided during
the preceding 6 months. The Director shall make such com-
pendia available, free of charge, to States and communities
participating in the national flood insurance program pur-
suant to section 1310 and at cost to all other parties. Any
receipts resulting from this subsection shall be deposited in
the National Flood Insurance Fund, pursuant to section
1310(b)(6).
‘‘(j) ESTABLISHMENT OF EROSION HAZARD ZONES.—
‘‘(1) IN GENERAL.—Not later than the expiration
of the 6-year period beginning on the date of the en-
actment of the National Flood Insurance Reform Act
of 1994, the Director shall assess, identify, and map
all coastal areas that have special erosion hazards (in
this section referred to as ‘erosion hazard zones’), as
provided in this subsection.
‘‘(2) MAPPING
PRIORITIES.—Not later than 2
years after the date of enactment of the National
Flood Insurance Reform Act of 1994, the Director
shall determine the coastal areas that are at greatest
risk from erosion and assess, identify, and map the
erosion hazard zones in such areas.
‘‘(3) 60-YEAR EROSION ZONES.—On each flood
insurance rate map established under this section, the
Director shall identify and provide legible demarca-
tion for areas that are subject to special erosion haz-
ards within a 60-year period based on past annual
average rates of shoreline retreat in such areas (in
this section referred to as ‘60-year erosion zones’).
‘‘(4) 30-YEAR EROSION ZONES.—On each flood
insurance rate map established under this section, the
Director shall provide information by area regarding
the existing annual average rate of erosion for each
area, so that users of the maps can delineate bound-
aries for areas subject to erosion within 30 years (in
this section referred to as ‘30-year erosion zones’).
‘‘(5) CONSIDERATION
OF
MITIGATION
ACTIVI-
TIES.—In identifying and mapping erosion hazard
zones, the Director shall determine erosion rates based
on (A) the presence of any community erosion control
measures, and (B) erosion of the area in the absence
of such measures. The Director shall use the lower of
the estimated erosion rates in the determination of the
erosion hazard zones.
‘‘(6) USE OF STATE AND COMMUNITY INFORMA-
TION.—In designating erosion hazard zones under
this title, the Director shall, to the maximum extent
practicable, use State or community erosion rate data
and baseline reference features.
‘‘(7) REVIEW.—The Director shall consult with
State and community governments in the determina-
tion of erosion hazard zones, and shall provide for a
public review and appeals process comparable to the
established review and appeals process for flood ele-
vation determinations required under this title.
‘‘(8) UPDATING.—The Director shall provide for
revising and updating erosion hazard zones as fre-
quently as the Director determines to be necessary for
purposes of this title. In revising the geographical
boundaries of erosion hazard zones, the Director shall
place special emphasis on considering—
‘‘(A) areas (or subdivisions thereof) that are
experiencing or have recently experienced erosion
rates in excess of the annual average erosion
rate, due to storms, high lake levels, or other fac-
tors; and
‘‘(B) areas where nonstructural and struc-
tural measures have been implemented by a com-
munity to control erosion or erosion rates have
been otherwise significantly altered by manmade
or induced activity.
‘‘(9) TRANSITION.—Until the Director has as-
sessed, identified, and mapped erosion rate data for
a community, the community may obtain, review,
and reasonably use erosion rate information or other
historical data available from other Federal, State, or
other sources in order to develop a mitigation plan
required for assistance under section 1366.’’.
SEC. 605. STUDY OF ECONOMIC EFFECTS OF CHARGING AC-
TUARIALLY-BASED PREMIUM RATES FOR PRE-
FIRM STRUCTURES.
(a) STUDY.—The Director of the Federal Emergency
Management Agency (in this section referred to as the ‘‘Di-
rector’’) shall conduct a study of the economic effects that
would result from increasing premium rates for flood insur-
ance coverage made available under the national flood in-
surance program for pre-FIRM structures to the full actuar-
ial risk based premium rate determined under section
1307(a)(1) of the National Flood Insurance Act of 1968 for
the area in which the property is located. In conducting
the study, the Director shall—
(1) determine each area that would be subject to
such increased premium rates; and
(2) for each such area, determine—
(A) the amount by which premium rates
would be increased;
(B) the number and types of properties af-
fected and the number and types of properties
covered by flood insurance under this title likely
to cancel such insurance if the rate increases
were made;
(C) the effects that the increased premium
rates would have on land values and property
taxes; and
(D) any other effects that the increased pre-
mium rates would have on the economy and
homeowners.
(b) DEFINITION OF ‘‘PRE-FIRM STRUCTURE’’.—For
purposes of subsection (a), the term ‘‘pre-FIRM structure’’
means a structure that was not constructed or substantially
improved after the later of—
(1) December 31, 1974; or
(2) the effective date of the initial rate map pub-
lished by the Director under section 1360(a)(2) of the
National Flood Insurance Act of 1968 for the area in
which such structure is located.
(c) REPORT.—The Director shall submit a report to
the Congress describing and explaining the findings of the
study conducted under this section. The report shall be sub-
mitted not later than 12 months after the date of the enact-
ment of this Act.
SEC. 606. NATIONAL FLOOD INSURANCE FUND.
(a) AVAILABILITY OF FUND FOR INCREASED ADMINIS-
TRATIVE AND OPERATIONAL RESPONSIBILITIES.—Section
1310(a) of the National Flood Insurance Act of 1968 (42
U.S.C. 4017(a)) is amended—
(1) in the matter preceding paragraph (1), by
inserting ‘‘(except as otherwise provided in this sec-
tion)’’ after ‘‘without fiscal year limitation’’; and
(2) by inserting after paragraph (5) (as added
by the preceding provisions of this Act) the following
new paragraphs:
‘‘(6) for assessment and mapping of erosion haz-
ard zones under section 1360(j), except that the fund
shall be available for the purpose under this para-
graph in an amount not to exceed an aggregate of
$25,000,000 over the 6-year period beginning on the
date of the enactment of the National Flood Insurance
Reform Act of 1994;
‘‘(7) for the revision and updating of erosion
hazard zones under section 1360(j)(8), except that the