To amend the National Flood Insurance Act of 1968 to allow for the consideration of private flood insurance for the purposes of applying continuous coverage requirements, and for other purposes.

HR.6620 would amend the National Flood Insurance Act of 1968 to allow private flood insurance policies to count toward continuous coverage requirements under federal flood insurance rules. The bill specifies that periods of coverage under either the National Flood Insurance Program or private market policies would be recognized as continuous coverage for purposes of satisfying requirements under the Flood Disaster Protection Act of 1973. This change affects property owners with federally backed mortgages in flood-prone areas who must maintain flood insurance, potentially giving them more flexibility in choosing insurers while maintaining compliance. The bill was introduced in the House and referred to the Committee on Financial Services for further consideration.