; and (B) secure the best value for the flood insurance program. . 102. Expanded flood insurance participation study (a) In general The Administrator, in coordination with the National Association of Insurance Commissioners, shall conduct a study that proposes to address, through programmatic and regulatory changes, how to increase participation in flood insurance coverage, including flood insurance purchased under the National Flood Insurance Program and private flood insurance. (b) Options In conducting the study under subsection (a), the Administrator shall consider the following options: (1) Expanding participation in flood insurance coverage, beyond areas having special flood hazards, to areas of moderate or minimal flood hazard risk. (2) Automatically enrolling consumers in flood insurance while providing consumers the opportunity to decline enrollment. (3) Bundled flood insurance coverage that diversifies risk across all or multiple-peril forms. (c) Report Not later than 18 months after the date of enactment of this Act, the Administrator shall submit a report on the study conducted under subsection (a) to— (1) the Committee on Banking, Housing, and Urban Affairs of the Senate; (2) the Committee on Appropriations of the Senate; (3) the Committee on Financial Services of the House of Representatives; and (4) the Committee on Appropriations of the House of Representatives. II Enhancing Flood Insurance Affordability and Accessibility 201. Use of premium surcharges Chapter I of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4011 et seq.) is amended— (1) in section 1308A ( 42 U.S.C. 4015a )— (A) by redesignating subsection (c) as subsection (d); (B) by inserting after subsection (b) the following: (c) Use of surcharges The Administrator shall use any surcharge imposed and collected under subsection (a) to help fund flood mitigation programs, including the program established under section 1366.