[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2137 Referred in House (RFH)]

113th CONGRESS
  2d Session
                                S. 2137


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 13, 2014

            Referred to the Committee on Financial Services

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                                 AN ACT


 
 To ensure that holders of flood insurance policies under the National 
Flood Insurance Program do not receive premium refunds for coverage of 
                             second homes.

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

SECTION 1. NO REFUNDS UNDER NATIONAL FLOOD INSURANCE PROGRAM FOR 
              COVERAGE OF SECOND HOMES.

    (a) Definition.--In this section, the term ``National Flood 
Insurance Program'' means the program established under the National 
Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.).
    (b) No Refunds for Coverage of Second Homes.--Notwithstanding 
section 3(a)(4) of the Homeowner Flood Insurance Affordability Act of 
2014 or any other provision of law, in the case of flood insurance 
coverage under the National Flood Insurance Program for a residential 
property that is not the primary residence of an individual (as that 
term is used in section 1307(a)(2)(A) of the National Flood Insurance 
Act of 1968 (42 U.S.C. 4014(a)(2)(A))), the Administrator of the 
Federal Emergency Management Agency may not refund any premium for such 
coverage collected in excess of the rates required under the provisions 
of, and amendments made by, section 3 of the Homeowner Flood Insurance 
Affordability Act of 2014.

            Passed the Senate March 13, 2014.

            Attest:

                                                NANCY ERICKSON,

                                                             Secretary.