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.

This bill would require the head of the Federal Emergency Management Agency (FEMA) to let people who receive Flood Mitigation Assistance Grants, and some other grants, use that money to pay for a certain type of community-based flood insurance policy that pays out based on specific measurements, like how much rain falls, rather than on the actual damage to a property. No official summary is available for this bill.

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