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1 H.R. 3167, National Flood Insurance Program Reauthorization Act of 2019 1 (October 4, 2019)

handle is hein.congrec/cbonatfl0001 and id is 1 raw text is: Congressional Budget Office ' 7Cost Estimate October 4, 2019 By Fiscal Year, Millions of Dollars 2020 2020-2024 2020-2029 Direct Spending (Outlays) 15 302 678 Revenuesa Deficit Effect 0 15 -5 307 -27 705 The bill would * Extend the authority of the National Flood Insurance Program (NFIP) to operate through fiscal year 2024 * Change premium amounts for some policyholders * Authorize appropriations for several grant programs related to mapping flood zones and mitigating flood risks Estimated budgetary effects would primarily stem from * Changing policyholders' premiums and coverage * Changes in the number of people who choose to purchase NFIP policies * Amounts appropriated for various NFIP grant programs Areas of significant uncertainty include * Estimating the number of affected policyholders and properties * Estimating policyholders' responses to changes in incentives to purchase or drop insurance coverage * Estimating how many policyholders and communities would appeal changes to flood maps and how the results of those appeals would affect premiums Detailed estimate begins on the next page. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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