II 115th CONGRESS 1st Session S. 1507 IN THE SENATE OF THE UNITED STATES June 29, 2017 Mr. Reed (for himself, Mr. Kennedy , and Mr. Menendez ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the National Flood Insurance Act of 1968 to allow the Administrator of the Federal Emergency Management Agency to provide capitalization grants to States to establish revolving funds to provide funding assistance to reduce flood risks, and for other purposes.