; and (ii) after the expiration of the 12-month period referred to in clause (i), adjust the fee charged annually to cover the total cost of the monthly collection of premiums as determined by the report submitted pursuant to subparagraph (D). (D) Report Not later than six months after the date of the enactment of this paragraph, the Comptroller General shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, that sets forth all of the costs associated with the monthly payment of premiums, including any up-front costs associated with infrastructure development, the impact on all policyholders including those that exercise the option to pay monthly and those that do not, options for minimizing the costs, particularly the costs to policyholders, and the feasibility of adopting practices that serve to minimize costs to policyholders such as automatic payments and electronic payments. (E) Annual Reports On an annual basis, the Administrator shall report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate the ongoing costs associated with the monthly payment of premiums. . (b) Implementation Clause (ii) of section 1307(a)(1)(B) of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4014(a)(1)(B)(ii) ) is amended by inserting before any administrative expenses the following: the costs associated with the monthly collection of premiums provided for in section 1308(g) ( 42 U.S.C. 4015(g) ), but only if such costs exceed the operating costs and allowances set forth in clause (i) of this subparagraph, and . 6. Premium rates for certain mitigated properties (a) Mitigation strategies Paragraph (1) of section 1361(d) of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4102(d)(1) ) is amended— (1) in subparagraph (A), by striking and at the end; (2) in subparagraph (B), by striking and at the end