; and (B) secure the best value for the flood insurance program. . 303. Participation studies (a) Federal entities for lending regulation (1) In general The Federal entities for lending regulation shall conduct an annual study regarding the rate at which persons who are subject to the mandatory purchase requirement are complying with that requirement. (2) Submission to Congress The Federal entities for lending regulation shall submit the result of each study conducted under paragraph (1) to the appropriate committees of Congress. (b) FEMA (1) In general The Administrator shall conduct an annual study regarding the rate at which individuals who live in areas that have not been identified, under the National Flood Insurance Act of 1968 ( 42 U.S.C. 4001 et seq.) or the Flood Disaster Protection Act of 1973 ( 42 U.S.C. 4002 et seq.), as having a special flood hazard participate in, or receive financial assistance under, the National Flood Insurance Program. (2) Submission to Congress The Administrator shall submit the result of each study conducted under paragraph (1) to the appropriate committees of Congress. 304. Study regarding coverage for business interruption (a) In general The Administrator shall conduct a study on the feasibility and soundness of offering coverage for interruption business losses caused by a flood under the National Flood Insurance Program (referred to in this section as business interruption coverage ). (b) Contents In conducting the study under subsection (a), the Administrator shall, at a minimum— (1) evaluate insurance industry best practices for offering business interruption coverage, including the types of coverage provided and the utilization rate; (2) estimate the potential risk premium rates for business interruption coverage based on the flood risk reflected in the flood insurance rate map or other risk metrics in effect at the time of purchase; (3) analyze the operational and administrative expenses associated with providing business interruption coverage and adjusting claims