GAO STUDY ON BUSINESS INTERRUPTION AND ADDITIONAL LIVING EXPENSES COVERAGES.

SEC. 100233. GAO STUDY ON BUSINESS INTERRUPTION AND ADDITIONAL LIVING EXPENSES COVERAGES. (a) Study.—The Comptroller General of the United States shall conduct a study concerning— (1) the availability of additional living expenses and business interruption coverage in the private marketplace for flood insurance; (2) the feasibility of allowing the National Flood Insurance Program to offer such coverage at the option of the consumer; (3) the estimated cost to consumers if the National Flood Insurance Program priced such optional coverage at true actuarial rates; (4) the impact such optional coverage would have on consumer participation in the National Flood Insurance Program; and (5) the fiscal impact such optional coverage would have upon the National Flood Insurance Fund if such optional coverage were included in the National Flood Insurance Program, as described in paragraph (2), at the price described in paragraph (3). (b) Report.—Not later than 1 year after the date of enactment of this Act, the Comptroller General shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report containing the results of the study under subsection (a).