HouseH.R. 9056119th Congress
Community Flood Resilience Act
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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9056 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 9056
To direct the Administrator of the Federal Emergency Management Agency
to allow certain recipients of the Flood Mitigation Assistance Grant,
and other grants, to be used for the payment of premiums for a
community-based, parametric flood insurance policy, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 29, 2026
Mr. Garbarino (for himself and Mr. Meeks) introduced the following
bill; which was referred to the Committee on Financial Services
_______________________________________________________________________
A BILL
To direct the Administrator of the Federal Emergency Management Agency
to allow certain recipients of the Flood Mitigation Assistance Grant,
and other grants, to be used for the payment of premiums for a
community-based, parametric flood insurance policy, 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 ``Community Flood Resilience Act''.
SEC. 2. SENSE OF CONGRESS.
It is the sense of the Congress that--
(1) many communities with significant flood risk continue
to experience chronically low participation in the National
Flood Insurance Program, leaving households and small
businesses financially vulnerable to flood events and
increasing reliance on post-disaster Federal assistance;
(2) there is a need to promote greater engagement with
private flood insurance markets and improve insurance awareness
in communities with elevated flood risk and historically low
flood insurance take-up rates;
(3) community-based parametric flood insurance has the
potential to provide faster, more transparent, and more
flexible financial protection at a community level and can
serve as a supplemental form of risk transfer alongside
existing flood insurance coverage; and
(4) community-based parametric flood insurance may help
strengthen the financial resilience of communities undertaking
flood mitigation and resilience investments by providing an
additional layer of protection for households and small
businesses.
SEC. 3. USE OF FLOOD MITIGATION ASSISTANCE GRANT AMOUNTS FOR PREMIUMS
OF COMMUNITY-BASED, PARAMETRIC FLOOD INSURANCE.
(a) Flood Mitigation Assistance Grant Eligible Use of Funds.--
(1) In general.--For the period that is 5 years after the
date of the enactment of this Act, the Administrator of the
Federal Emergency Management Agency (hereafter referred to as
the ``Administrator'') shall permit any State or community that
receives flood mitigation assistance under section 1366 of the
National Flood Insurance Act of 1968 (42 U.S.C. 4104c) to use
not more than 15 percent of such assistance amounts each year
for the payment of premiums for a community-based, parametric
flood insurance policy that--
(A) is offered through the private sector;
(B) specifies objective, predefined trigger
conditions for payout based on measurable flood-related
metrics;
(C) includes timelines and disbursement terms
agreed upon at the time of underwriting; and
(D) provides that funds shall be disbursed to the
participating community promptly upon verification that
a triggering condition has been met, without the need
for post-event damage assessment or additional
administrative approval by the Administrator.
(2) Report.--In each year that a State or community that
uses assistance amounts as described in paragraph (1), such
State or community shall submit to the Administrator a report
that describes how such State or community--
(A) promotes National Flood Insurance Program
policy enrollment;
(B) educates members of the community about the
limitations community-based, parametric flood
insurance;
(C) encourages flood-risk mitigation;
(D) uses community based, parametric flood
insurance to--
(i) support households and small
businesses; and
(ii) contribute to broader flood resilience
and insurance awareness efforts; and
(E) encourages flood insurance take-up by improving
public awareness of flood risk and promoting
participation in either the National Flood Insurance
Program or a private flood insurance offering.
(3) Sunset.--The permission described in paragraph (1)
shall terminate on the date that is 5 years after the date of
the enactment of this Act, absent a reauthorization by the
Congress.
(b) Promotion of Community-Based Flood Insurance.--The
Administrator shall--
(1) conduct outreach to communities to spread awareness
with respect to community-based, parametric flood insurance
policies and the eligible use described in subsection (a); and
(2) notwithstanding any other provision of law, allow for
the use of other grant amounts under the authority of the
Administrator for the payment of premiums of community-based,
parametric flood insurance policies by grant recipients for the
5 year period after the date of the enactment of this Act.
(c) Disclosure Required.--Any community based, parametric flood
insurance policy for which premiums are paid as described in subsection
(a) shall include a written dislcosure that explains--
(1) the specific trigger conditions under which a payout
will and will not be made;
(2) the circumstances under which a triggering event may
occur but individual households or small businesses within the
community may not receive financial relief (commonly referred
to as the ``basis risk''); and
(3) how the parametric policy interacts with and differs
from flood insurance provided under the National Flood
Insurance Program.
(d) Report.--Not later than 1 year after the date of the enactment
of this Act, and on the dates that are 3 and 5 years after the date of
the enactment of this Act, the Administrator shall submit to the
Congress a report that contains--
(1) an analysis of any changes to the number of National
Flood Insurance policies in communities that use flood
mitigation assistance grant amounts as described in section
1366(c)(3)(k) of the National Flood Insurance Act of 1968 and
communities that do not use such grant amounts as described in
such section;
(2) a description of the product types of community-based,
parametric flood insurance policies that communities use,
including the number of households covered by such policies;
(3) an analysis of the timeliness and effectiveness of
claim payouts through community-based, parametric flood
insurance policies for which premiums are paid for as described
in such section;
(4) an assessment of outreach and flood insurance awareness
efforts; and
(5) any legislative recommendations for the continuation or
expansion of community-based, parametric flood insurance
policies.
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