NFIP Premium Transparency Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9511 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9511

To require the Administrator of the Federal Emergency Management Agency
 to develop a flood insurance information tool, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 29, 2026

 Mr. Fields (for himself, Mr. Carter of Louisiana, Mr. Bresnahan, and
  Mr. Ezell) introduced the following bill; which was referred to the
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL

To require the Administrator of the Federal Emergency Management Agency
 to develop a flood insurance information tool, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``NFIP Premium Transparency Act''.

SEC. 2. DISSEMINATION OF FLOOD INSURANCE INFORMATION.

    The National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.)
is amended by striking section 1313 and inserting the following:

``SEC. 1313. DISSEMINATION OF FLOOD INSURANCE INFORMATION.

    ``(a) In General.--The Administrator shall ensure that the
declaration page for each flood insurance policy issued under the
national flood insurance program for a property shall, not later than
12 months after the date of the enactment of this section, include the
following:
            ``(1) The current insurance premium for such property,
        including a description of any discounts being applied
        including any discounts associated with--
                    ``(A) building, construction, or substantial
                improvement which began before the Administrator
                published an initial rate map for the community;
                    ``(B) eligibility for less than actuarial rates
                under section 1307(a)(2) or section 1307(g);
                    ``(C) the newly mapped property discount under
                section 1308(i);
                    ``(D) an estimate of the number years remaining
                until the premium for such property shall match the
                full-risk based premium for such property, having
                accounted for the annual limitation on premium
                increases under section 1308(e);
                    ``(E) available mitigation options and associated
                premium savings;
                    ``(F) claim history;
                    ``(G) the community rating system under section
                1315(b); and
                    ``(H) annual limitations on premium increases under
                section 1308(e).
            ``(2) Any annual limitations on premium increases under
        section 1308(e).
            ``(3) The replacement cost value.
            ``(4) As determined not to be exempted from release or
        disclosure under any applicable statute and not in violation of
        personally identifiable information privacy requirements by the
        Administrator, all rating factors for the property, and the
        property's rate for each factor, under the risk premium rate
        estimated under section 1307(a)(1) of the National Flood
        Insurance Act, including the property's base rate, building
        value, concentration risk, contents value, deductible
        insurance-to-value, drainage area, distance to the coast,
        distance to lake, distance to ocean, distance to river,
        elevation, elevation relative to lake, elevation relative to
        river, first floor height, floors of interest, foundation type,
        levee quality, machinery and equipment above first floor,
        replacement cost value, structural relative elevation,
        territory, and type of use.
            ``(5) Any special category that applies to the property,
        including repetitive loss property or severe repetitive loss
        property.
            ``(6) Any flood insurance requirement that applies to the
        property as a result of disaster assistance previously provided
        by the Administrator.
            ``(7) On and after the date that is 36 months after the
        date of the enactment of this section, the website address
        where the flood insurance information tool established pursuant
        to subsection (c) may be located.
    ``(b) Explanation Required.--If any item of information required to
be included on a declaration page under subsection (a) cannot be
provided, an explanation of why such item of information cannot be
provided shall be included on the declaration page.
    ``(c) Required Information Sharing.--The Administrator shall,
beginning on the date that is 12 months after the date of the enactment
of this section, share with each insurer that issues a flood insurance
policy for a property under the national flood insurance program, any
information the Administrator has that relates to the items listed in
subsection (a) for such property.
    ``(d) Flood Insurance Information Tool.--
            ``(1) In general.--The Administrator shall, not later than
        36 months after the date of the enactment of this section,
        develop a flood insurance information tool that is accessible
        online and contains the following information with respect to
        each property for which a flood insurance policy is available
        under the national flood insurance program:
                    ``(A) The current insurance premium for such
                property, including a description of any reason why the
                current premium is less than actuarial rates; including
                due to grandfathering, pre-FIRM discount status, newly
                mapped property status, or a Community Rating System
                status.
                    ``(B) A description of any limitations on annual
                premium increases.
                    ``(C) The risk premium rate for such property.
                    ``(D) The replacement cost value for such property,
                and the date on which such value was calculated.
                    ``(E) As determined not to be exempted from release
                or disclosure under any applicable statute and not in
                violation of personally identifiable information
                privacy requirements by the Administrator, all rating
                factors for the property, and the property's rate for
                each factor, under the risk premium rate estimated
                under section 1307(a)(1) of the National Flood
                Insurance Act, including the property's base rate,
                building value, concentration risk, contents value,
                deductive insurance-to-value, drainage area, distance
                to the coast, distance to lake, distance to ocean,
                distance to river, elevation, elevation relative to
                lake, elevation relative to river, first floor height,
                floors of interest, foundation type, levee quality,
                machinery and equipment above first floor, replacement
                cost value, structural relative elevation, territory,
                and type of use.
                    ``(F) A detailed flood history for such property
                that includes a list of any prior claims under the
                national flood insurance program associated with such
                property and the dates of such claims.
                    ``(G) Any special category that applies to the
                property, including repetitive loss property or severe
                repetitive loss property.
                    ``(H) The date of the most recent flood hazard
                determination of such property and the date of any
                planned future flood hazard determination of such
                property.
                    ``(I) Any flood insurance requirement that applies
                to the property as a result of disaster assistance
                previously provided by the Administrator.
                    ``(J) Any additional information the Administrator
                determines appropriate.
            ``(2) Explanation required.--If any item of information
        required to be included in the flood insurance information tool
        under paragraph (1) cannot be provided, an explanation of why
        such item of information cannot be provided shall be included
        in the flood insurance information tool.
            ``(3) Access to the flood insurance information tool.--The
        Administrator shall, notwithstanding any conflicting provision
        in the Privacy Act of 1974, provide access to the flood
        insurance information tool, suite of tools, or discrete parts
        of such tools, to--
                    ``(A) the public, for all information where the
                Administrator has determined that release to the public
                is in the best interest of the public; and
                    ``(B) owners of properties for which a flood
                insurance policy is issued under the national flood
                insurance program, for information where the
                Administrator has determined that release to the public
                is not in the best interest of the public.
            ``(4) Adjustment capability.--To the degree practicable,
        the flood insurance information tool, or suite of tools,
        developed by Administrator shall allow users to, with respect
        to each item of information listed in paragraph (1)--
                    ``(A) adjust variables that change over time and
                impact flood risk; and
                    ``(B) evaluate how such adjustments or mitigation
                activities would--
                            ``(i) reduce the risk of flooding; and
                            ``(ii) decrease premiums.
            ``(5) Use of existing tools.--The Secretary may, when
        developing a flood insurance information tool paragraph (1),
        improve upon or expand an existing tool or resource used by
        Federal Emergency Management Agency if improving upon or
        expanding such tool would reduce the cost of developing a flood
        insurance information tool paragraph (1).
    ``(e) Replacement Cost Value Defined.--The term `replacement cost
value' means the cost to replace that part of a building that is
damaged by flood, without depreciation.
    ``(f) Additional Information Availability.--Not later than 1 year
after the date of enactment of this Act, and annually thereafter, the
Administrator shall publish online, for each State, county, and ZIP
Code in the United States, a distribution showing the median, mean,
lower and upper quartiles, maximum, and minimum--
            ``(1) the chargeable premium rates prescribed under section
        1308 of the National Flood Insurance Act of 1968 (42 U.S.C.
        4015); and
            ``(2) full risk premium rates under section 1307(a)(1) of
        the National Flood Insurance Act of 1968.''.

SEC. 3. REPORT.

    The Comptroller General of the United States shall, not later than
2 years after the date on which the Administrator of the Federal
Emergency Management Agency makes available the flood insurance
information tool required to be developed under section 1313(c) of the
National Flood Insurance Act of 1968, publish a report that analyzes
the following:
            (1) Whether the following information could be added to
        flood insurance information tool established by the
        Administrator of the Federal Emergency Management Agency
        pursuant to section 1313 of the National Flood Insurance Act of
        1968:
                    (A) Any property acquisition programs for which the
                property qualifies.
                    (B) Any nature based solutions that may be used to
                reduce the flood risk for the property.
                    (C) Coastal restoration projects, as implemented by
                a State or local government or included in a State-
                approved coastal master plan.
                    (D) Any planned or existing flood defenses in the
                area in which a property is located, including projects
                authorized by the Water Resources Development Act.
                    (E) Any implications that additional development in
                the area where property is located may have on flood
                risk.
                    (F) Any standards established locally that affect
                the repair or improvement of the property, including--
                            (i) any limitations on repairs or
                        improvements based on the value of the
                        property; and
                            (ii) any local standards that go beyond the
                        standards required under the national flood
                        insurance program.
                    (G) A description of any community rating system
                rating that impacts the property and discounts that may
                be available based on this rating system.
            (2) Whether access to the flood insurance information tool
        established by the Administrator of the Federal Emergency
        Management Agency pursuant to section 1313 of the National
        Flood Insurance Act of 1968 could be provided to prospective
        buyers of properties for which a flood insurance policy is
        issued under the national flood insurance program.
            (3) Whether the flood insurance information tool
        established by the Administrator of the Federal Emergency
        Management Agency pursuant to section 1313 of the National
        Flood Insurance Act of 1968 could allow users to, with respect
        to each item of information listed in paragraph in the flood
        insurance tool, adjust variables that impact flood risk,
        including--
                    (A) relative sea level rise;
                    (B) extension or reduction of impervious cover;
                    (C) levee reliability changes; and
                    (D) coastal land loss or coastal restoration,
                including hydrologic restoration, sediment diversion,
                marsh creation, shoreline protection, and other project
                types.
            (4) Whether the types of information available within the
        flood insurance information tool established by the
        Administrator of the Federal Emergency Management Agency
        pursuant to section 1313 of the National Flood Insurance Act of
        1968 could be expanded further.
            (5) Whether the information provided by the flood insurance
        tool established by the Administrator of the Federal Emergency
        Management Agency pursuant to section 1313 of the National
        Flood Insurance Act of 1968 could be used by policy holders as
        part of any appeals procedure implemented by the Administrator
        on or after the date of the enactment of this Act.
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