A bill to improve the National Flood Insurance Program, and for other purposes.

[AI summary unavailable — showing source text] Amends the National Flood Insurance Act of 1968 to repeal the prohibition against provision of flood insurance by the Administrator of the Federal Emergency Management Agency (FEMA) to prospective insureds at rates less than standard estimates for property purchased after enactment of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters). (Thus allows risk premium rates lower than standard rates for certain property purchased after Biggert-Waters.) Delays the effective date of any flood insurance rate changes until 180 days after FEMA submits: (1) a certain report on methods to establish an affordability framework for the National Flood Insurance Program (NFIP), or (2) notice to the congressional committees concerned of an alternative method of gathering information for such report if the report cannot be submitted by its due date. Directs FEMA to study options, methods, and implementing strategies for making available voluntary community-based flood insurance policies through NFIP. Prohibits FEMA, when determining whether a community has made adequate progress on the construction, reconstruction, or improvement of a flood protection system, from considering the le…