independent judgment of the engineering company 
or individual engineer; 
‘‘(2) 
mischaracterizing, 
or 
suborning 
any 
mischaracterization of, the damages involved in any 
such claim; 
‘‘(3) seeking to influence an engineer or other-
wise to encourage a targeted value of damages in 
order to facilitate the making of a report; and 
‘‘(4) withholding or threatening to withhold 
timely payment for an engineering report or for en-
gineering services rendered. 
‘‘(c) EXCEPTIONS.—The requirements of subsection 
(b) shall not be construed as prohibiting an insurance 
company participating in the Write Your Own program, 
a claims adjusting company, or an engineering company 
from asking an engineer to undertake one or more of the 
following: 
‘‘(1) Consider additional information. 
‘‘(2) Provide further detail, substantiation, or 
explanation for an assessment of damages. 
‘‘(3) Correct errors in an engineering report. 
‘‘(d) PROHIBITIONS ON CONFLICTS OF INTEREST.— 
No engineer engaged by an insurance company partici-
pating in the Write Your Own program to assess flood 
damages to a property covered by flood insurance made 
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available under this title may have an ownership or finan-
cial interest in— 
‘‘(1) such insurance company, any claims ad-
justing company, or any other company, other than 
the company that employs such engineer, that is 
connected with assessing such damages; or 
‘‘(2) the property being assessed. 
‘‘(e) MANDATORY REPORTING.—An insurance com-
pany participating in the Write Your Own program which 
knows, upon or before submitting to the Administrator a 
claim for damages under flood insurance coverage made 
available under this title, of a violation of the independ-
ence standards under this section, may not submit such 
a claim unless the insurance company includes, together 
with such claim, a certification that the violation involved 
does not materially mistake the value of the damages and 
documentation to support such claim.’’. 
SEC. 11. GAO REPORTS. 
(a) REPORT ON EFFECTS OF GLOBAL WARMING ON 
FLOOD INSURANCE PROGRAM SOLVENCY.—Not later 
than the expiration of the 18-month period beginning on 
the date of the enactment of this Act, the Comptroller 
General of the United States shall submit to the Congress 
a report analyzing the effects of global warming on the 
fiscal solvency of the National Flood Insurance Program. 
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(b) REPORT ON WYO COMPANIES.—The Comptroller 
General of the United States shall conduct a study of 
claims under flood insurance coverage provided through 
insurance companies participating in the Write Your Own 
program of the National Flood Insurance Program pursu-
ant to losses resulting from Hurricane Sandy of 2012, 
which shall determine— 
(1) how much profit such insurers made pursu-
ant to such claims; 
(2) how many of such claims were made and 
processed; and 
(3) the amount of each such claim that was ap-
proved and paid. 
Not later than the expiration of the 12-month period be-
ginning on the date of the enactment of this Act, the 
Comptroller General shall submit a report to the Congress 
regarding the conclusions of the study conducted pursuant 
to this subsection. 
SEC. 12. REGULATIONS. 
Not later than the expiration of the 12-month period 
beginning on the date of the enactment of this Act, the 
Administrator of the Federal Emergency Management 
Agency shall issue regulations necessary to carry out this 
Act and the amendments made by this Act. 
Æ 
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