I 
115TH CONGRESS 
1ST SESSION H. R. 2868 
To protect National Flood Insurance Program policyholders from unreason-
able premium rates and to require the Program to consider the unique 
characteristics of urban properties, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 8, 2017 
Mr. ZELDIN introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To protect National Flood Insurance Program policyholders 
from unreasonable premium rates and to require the 
Program to consider the unique characteristics of urban 
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. SHORT TITLE. 
This Act may be cited as the ‘‘National Flood Insur-
ance Program Policyholder Protection Act of 2017’’. 
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SEC. 2. CAP ON PREMIUMS. 
Paragraph (1) of section 1308(e) of the National 
Flood Insurance Act of 1968 (42 U.S.C. 4015(e)(1)) is 
amended— 
(1) by striking ‘‘except —’’ and inserting ‘‘ex-
cept as provided in paragraph (4); and’’; 
(2) by striking subparagraphs (A) and (B); 
(3) in subparagraph (C)— 
(A) in clause (ii), by redesignating sub-
clauses (I) and (II) as items (aa) and (bb), re-
spectively; 
(B) by redesignating clauses (i) through 
(iii) as subclauses (I) through (III), respec-
tively; and 
(C) by striking ‘‘(C) in the case of a prop-
erty that—’’ and inserting the following: 
‘‘(B) The limitations under clauses (i) and (ii) 
of subparagraph (A) shall not apply in the case of— 
‘‘(i) a property identified under section 
1307(g); or 
‘‘(ii) a property that—’’; 
(4) by striking ‘‘under this title for any prop-
erty’’ and inserting the following: ‘‘under this title— 
‘‘(i) for any property’’; 
(5) by inserting ‘‘(A) subject to subparagraph 
(B),’’ after the paragraph designation; and 
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(6) by inserting before subparagraph (B), as so 
redesignated by the amendment made by paragraph 
(3)(C) of this section, the following new clause: 
‘‘(ii) for any residential property having 4 
or fewer residences and for which a valid Na-
tional Flood Insurance Program Elevation Cer-
tificate has been filed with the National Flood 
Insurance Program within the proceeding cal-
endar year, may not exceed $10,000 in any sin-
gle year, except that such amount (as it may 
have been previously adjusted) shall be adjusted 
for inflation by the Administrator upon the ex-
piration of the 5-year period beginning upon the 
enactment of the National Flood Insurance 
Program Policyholder Protection Act of 2017 
and upon the expiration of each successive 5- 
year period thereafter, in accordance with an 
inflationary index selected by the Adminis-
trator.’’. 
SEC. 3. PREMIUM RATES FOR CERTAIN MITIGATED PROP-
ERTIES. 
(a) MITIGATION STRATEGIES.—Paragraph (1) of sec-
tion 1361(d) of the National Flood Insurance Act of 1968 
(42 U.S.C. 4102(d)(1)) is amended— 
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(1) in subparagraph (A), by striking ‘‘and’’ at 
the end; 
(2) in subparagraph (B), by striking ‘‘and’’ at 
the end; and 
(3) by inserting after subparagraph (B) the fol-
lowing new subparagraphs: 
‘‘(C) with respect to buildings in dense 
urban environments, methods that can be de-
ployed on a block or neighborhood scale; and 
‘‘(D) elevation of mechanical systems; 
and’’. 
(b) MITIGATION CREDIT.—Subsection (k) of section 
1308 of the National Flood Insurance Act of 1968 (42 
U.S.C. 4015(k)) is amended— 
(1) by striking ‘‘shall take into account’’ and 
inserting the following: ‘‘shall— 
‘‘(1) take into account’’; 
(2) in paragraph (1), as so designated by the 
amendment made by paragraph (1) of this sub-
section, by striking the period at the end and insert-
ing ‘‘; and’’; and 
(3) by adding at the end the following new 
paragraph: 
‘‘(2) offer a reduction of the risk premium rate 
charged to a policyholder, as determined by the Ad-
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ministrator, if the policyholder implements any miti-
gation method described in paragraph (1).’’. 
SEC. 4. STUDY OF FLOOD INSURANCE COVERAGE FOR 
UNITS IN COOPERATIVE HOUSING. 
The Administrator of the Federal Emergency Man-
agement Agency shall conduct a study to analyze and de-
termine the feasibility of providing flood insurance cov-
erage under the National Flood Insurance Program under 
the National Flood Insurance Act of 1968 (42 U.S.C. 
4001 et seq.) for individual dwelling units in cooperative 
housing projects. Not later than the expiration of the 24- 
month period beginning on the date of the enactment of 
this Act, the Administrator shall submit a report to the 
Committee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Housing, and 
Urban Affairs of the Senate regarding the findings and 
conclusions of the study conducted pursuant to this sec-
tion, which shall include a plan setting forth specific ac-
tions to implement the development of such flood insur-
ance coverage. 
Æ 
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