H.R. 9056

[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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