I 
113TH CONGRESS 
1ST SESSION H. R. 1485 
To amend the National Flood Insurance Act of 1968 to modify the phase- 
in increases in flood insurance premium rates for certain properties, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 11, 2013 
Mr. LOBIONDO 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 
modify the phase-in increases in flood insurance premium 
rates for certain properties, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. MODIFICATION OF PHASE-IN INCREASES OF 
FLOOD INSURANCE PREMIUM RATES FOR 
CERTAIN PROPERTIES. 
(a) CHANGE OF OWNERSHIP OF SECOND HOMES, 
BUSINESS PROPERTIES, AND PRIMARY RESIDENCES.— 
Section 1307(g)(2) of the National Flood Insurance Act 
of 1968 (42 U.S.C. 4014(g)(2)) is amended by striking 
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‘‘2012’’ and inserting ‘‘2012, except for properties re-
ferred to in paragraphs (3) and (4) of section 1308(e)’’. 
(b) SECOND HOMES
AND BUSINESS PROPERTIES 
AND
CHANGE
OF
OWNERSHIP
OF
PRIMARY
RESI-
DENCES.—Section 1308(e) of the National Flood Insur-
ance Act of 1968 (42 U.S.C. 4015(e)) is amended— 
(1) in paragraph (1), by striking ‘‘; and’’ and 
inserting a semicolon; 
(2) in paragraph (2)— 
(A) by striking ‘‘described in subpara-
graphs (A) through (E)’’ and inserting ‘‘de-
scribed in subparagraphs (B), (C), and (E)’’; 
and 
(B) by striking the period at the end and 
inserting a semicolon; and 
(3) by adding at the end the following new 
paragraphs: 
‘‘(3) described in subparagraphs (A) and (D) of 
section 1307(a)(2) shall be increased by 12.5 per-
cent each year, until the average risk premium rate 
for such properties is equal to the average of the 
risk premium rates for properties described under 
paragraph (1); and 
‘‘(4) that are primary residences purchased 
after the date of the enactment of the Biggert- 
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Waters Flood Insurance Reform Act of 2012 (title 
II of division F of Public Law 112–141), shall be in-
creased by 12.5 percent each year as if such increase 
began on the date of the enactment of such Act, 
until the average risk premium rate for such prop-
erties is equal to the average of the risk premium 
rates for properties described under paragraph (1).’’. 
(c) EFFECT ON RATES CHANGED DUE TO BIGGERT- 
WATERS FLOOD INSURANCE REFORM ACT OF 2012.— 
The Administrator of the Federal Emergency Manage-
ment Agency shall adjust the chargeable risk premium 
rates for flood insurance under the National Flood Insur-
ance Act of 1968 (42 U.S.C. 4001 et seq.) for properties 
referred to in paragraphs (3) and (4) of section 1308(e) 
of such Act (42 U.S.C. 4015(e)), as added by subsection 
(b) of this section, as if the amendments made by sub-
sections (a) and (b) of this section were enacted at the 
same time as the Biggert-Waters Flood Insurance Reform 
Act of 2012 (title II of division F of Public Law 112– 
141). 
Æ 
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