Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Flood Insurance Choice Act of
2007''.

SEC. 2. RIGHT TO OPT-OUT.

Section 102(c) of the Flood Disaster Protection Act of 1973 (42
U.S.C. 4012a(c)) is amended by adding at the end the following:
''(3) Individual opt-out.--
''(A) In general.--Notwithstanding any other
provision of this Act, or the National Flood Insurance
Act of 1968, any individual homeowner who satisfies the
requirements under subparagraph (B) shall not be
required to purchase flood insurance on any property,
including any property in an area that has been
identified by the Administrator as an area having
special flood hazards.
''(B) Requirements.--The requirements referred to
in subparagraph (A) are as follows:
''(i) Written certification to the
administrator and community.--The individual
homeowner shall certify, in writing, to the
Administrator and the State, community, or
local official responsible for zoning and
building codes over the area in which such
property is located that the individual--
''(I) elects not to participate in
the flood insurance program under the
National Flood Insurance Act of 1968;
and
''(II) understands and willfully
accepts any and all adverse consequence
that attach to such an election,
including--
''(aa) denial of any
Federal financial assistance
under this Act or the National
Flood Insurance Act of 1968;
''(bb) denial of any
Federal financial assistance
for acquisition or construction
purposes under this Act or the
National Flood Insurance Act of
1968;
''(cc) denial of any
Federal financial assistance
under sections 404, 408, and
425 of the Robert T. Stafford
Disaster Relief and Emergency
Assistance Act for damage as a
result, in whole or in part, of
a flood; or
''(dd) loss of value to the
property.
''(ii) Recording of certification.--
''(I) In general.--The individual
homeowner shall file the certification
required under clause (i) with the
appropriate State or local agency
responsible for recording deeds, liens,
or mortgages of real property in which
the property that is the subject of
such certification is located.
''(II) Effect of recording.--The
recording of the certification under
clause (i) shall--
''(aa) attach to the
property that is the subject of
such certification; and
''(bb) bind the current
owner of the property and all
future owners of the property,
including successor in
interests, assigns, or heirs,
who at any time hold title to
all or any portion of such
property.
''(III) Voluntary release.--
''(aa) In general.--The
current owner and any future
owner, the personal
representative of any such
owner, the estate of any
deceased owner, or any
qualified heir of a deceased
owner (as such term is defined
in section 2032A(e) of the
Internal Revenue Code) may
voluntarily file a document
terminating the effect of the
certification required under
clause (i) with the appropriate
State or local agency
responsible for recording,
deeds, liens, or mortgages of
real property in which the
affected real property interest
is located.
''(bb) Effect.--The effect
of filing any termination under
item (aa) shall be to void the
certification under clause (i).
''(C) Base flood elevation requirements.--An
individual homeowner that has elected not to purchase
flood insurance under this paragraph with respect to
property owned by such individual shall not be required
to comply with any base flood elevation requirements
under this Act or the National Flood Insurance Act of
1968 for such property.''.

SEC. 3. ENSURING THAT COMMUNITIES ARE NOT ADVERSELY AFFECTED BY
INDIVIDUALS WHO OPT-OUT.

(a) Land Use Controls.--Section 1315(a) of the National Flood
Insurance Act of 1968 (42 U.S.C. 4022(a)) is amended--
(1) by redesignating paragraph (2) as paragraph (3); and
(2) by inserting after paragraph (1) the following new
paragraph:
''(2) No penalty for areas where individuals opt-out.--The
prohibition described under paragraph (1) shall not be
construed to apply to any area that has complied with
requirements under that paragraph but for those individuals
that have elected to opt-out of the flood insurance program
under section 102(c)(3) of the Flood Disaster Protection Act of
1973.''.
(b) Financial Assistance.--Section 202 of the Flood Disaster
Protection Act of 1973 (42 U.S.C. 4106) is amended--
(1) by redesignating subsection (b) as subsection (c); and
(2) by inserting after subsection (a) the following new
subsection:
''(b) No Penalty for Areas Where Individuals Opt-Out.--
''(1) In general.--The prohibition described under
subsection (a) shall not be construed to apply to any community
that has complied with requirements under that subsection but
for those individuals that have elected to opt-out of the flood
insurance program under section 102(c)(3).
''(2) Rule of construction.--Nothing in this subsection
shall be construed to require any Federal agency or officer to
provide any financial assistance for acquisition or
construction purposes to any individuals that have elected to
opt-out of the flood insurance program under section
102(c)(3).''.
(c) Mitigation Assistance.--Section 1366(c) of the National Flood
Insurance Act of 1968 (42 U.S.C. 4104c(c)) is amended by adding at the
end the following new sentence: ''A State or community shall not be
considered ineligible to receive financial assistance under this
section for mitigation activities solely because individuals in that
State or community have elected to opt-out of the flood insurance
program under section 102(c)(3) of the Flood Disaster Protection Act of
1973.''.

SEC. 4. DENIAL OF RELIEF UNDER STAFFORD ACT.

Title IV of the Robert T. Stafford Disaster Relief and Emergency
Assistance Act (42 U.S.C. 5170 et seq.) is amended by adding at the end
the following:

''SEC. 427. DENIAL OF ASSISTANCE FOR INDIVIDUALS WHO HAVE OPTED-OUT OF
THE FLOOD INSURANCE PROGRAM.

''(a) In General.--No individual or household shall receive any
assistance under section 404, 408, or 425, with respect to property
owned by that individual or household, if such assistance is needed as
a result, in whole or in part, of a flood, and such individual or
household has elected with respect to such property to opt-out of the
flood insurance program under section 102(c)(3) of the Flood Disaster
Protection Act of 1973.
''(b) Definition of Flood.--As used in this section, the term
'flood' has the same meaning as in section 1370 of the National Flood
Insurance Act of 1968 (42 U.S.C. 4121).''
A:
Flood Insurance Choice Act of 2007 - Amends the Flood Disaster Protection Act of 1973 to permit an individual homeowner not to purchase property flood insurance, even for property in a special flood hazard area, if he or she submits certain written certifications to the Administrator of the Federal Emergency Management Agency (FEMA) and the state, community, or local official responsible for zoning and building codes.

Declares that such homeowner shall not be required to comply with certain base flood elevation requirements.

Amends the National Flood Insurance Act of 1968, with respect to land use controls, financial assistance and mitigation assistance, to shield from penalties for non-compliance those areas that have complied with its requirements but where individuals have opted out pursuant to this Act.

Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to deny assistance for individuals who have opted-out of the flood insurance program.