H.R. 3111 would direct the Federal Emergency Management Agency (FEMA) to make several administrative changes to the National Flood Insurance Program (NFIP) related to determinations for paying claims, processing timelines, and other matters. The costs of administering the NFIP are covered by annual appropriations. The premiums that property owners pay for flood insurance and payments for claims are classified as direct spending.
Assuming appropriation of the necessary amounts, CBO estimates that implementing H.R. 3111 would cost $16 million over the 2020-2024 period, mostly to cover the costs of processing appeals of denied claims and an advisory committee on flood insurance. The costs of the legislation (detailed in Table 1) fall within budget function 450 (community and regional development).
