I 
113TH CONGRESS 
1ST SESSION H. R. 3312 
To require the Administrator of the Federal Emergency Management Agency 
to allow for monthly installment payments for flood insurance under 
the National Flood Insurance Act of 1968, to cap the annual cost 
of flood insurance under that Act, to provide for a ten-year phase- 
in of premium increases resulting from the enactment of the Biggert- 
Waters Flood Insurance Reform Act of 2012, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 23, 2013 
Mr. BILIRAKIS (for himself, Mr. ROONEY, and Ms. ROS-LEHTINEN) intro-
duced the following bill; which was referred to the Committee on Finan-
cial Services 
A BILL 
To require the Administrator of the Federal Emergency 
Management Agency to allow for monthly installment 
payments for flood insurance under the National Flood 
Insurance Act of 1968, to cap the annual cost of flood 
insurance under that Act, to provide for a ten-year 
phase-in of premium increases resulting from the enact-
ment of the Biggert-Waters Flood Insurance Reform Act 
of 2012, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Homeowners Flood 
Insurance Relief Act of 2013’’. 
SEC. 2. MONTHLY INSTALLMENT PAYMENTS FOR PRE-
MIUMS. 
Section 1308(g) of the National Flood Insurance Act 
of 1968 (42 U.S.C. 4015(g)) is amended by striking ‘‘ei-
ther annually or in more frequent installments’’ and in-
serting ‘‘annually, monthly, or in other installments that 
are more frequent than annually’’. 
SEC. 3. CAP ON ANNUAL COST OF FLOOD INSURANCE. 
Section 1308 of the National Flood Insurance Act of 
1968 (42 U.S.C. 4015) is amended— 
(1) by redesignating subsection (i) as subsection 
(j); and 
(2) by inserting after subsection (h) the fol-
lowing new subsection: 
‘‘(i) 
MAXIMUM
ANNUAL
PREMIUM.—Notwith-
standing any other provision of this title, the maximum 
annual chargeable premium rate for a property shall be 
the total appraised value of all structures located on the 
property at the time of the purchase of the property by 
the current owner of the property divided by 30.’’. 
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SEC. 4. TEN-YEAR PHASE-IN OF PREMIUM INCREASES RE-
SULTING FROM BIGGERT-WATERS FLOOD IN-
SURANCE REFORM ACT OF 2012. 
(a) PHASE-IN.—Notwithstanding any other provision 
of law, any increase in the risk premium rate charged for 
flood insurance under the National Flood Insurance Act 
of 1968 (42 U.S.C. 4001 et seq.) on any property that 
is covered by a flood insurance policy on the effective date 
of the Biggert-Waters Flood Insurance Reform Act of 
2012 (Public Law 112–141; 126 Stat. 916 et seq.) that 
is a result of the enactment of such Act or the amend-
ments made by such Act shall be phased in over a 10- 
year period, at the rate of 10 percent for each year fol-
lowing such effective date. 
(b) APPLICABILITY; REFUND
OR CREDIT.—Sub-
section (a) shall apply as if enacted as part of the Biggert- 
Waters Flood Insurance Reform Act of 2012 (Public Law 
112–141; 126 Stat. 916 et seq.). The Administrator of 
the Federal Emergency Management Agency shall refund 
to insureds, or provide credit to insureds for, any pre-
miums for flood insurance coverage under the National 
Flood Insurance Program collected in excess of the rates 
required pursuant to subsection (a). 
Æ 
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