; and (2) in paragraph (3), by inserting , and the Administrator shall provide credits to the maximum number of communities practicable after under this program . V Program integrity 501. Independent actuarial review Section 1309 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4016 ) is amended by adding at the end the following new subsection: (e) Independent actuarial review (1) Fiduciary responsibility The Administrator has a responsibility to ensure that the National Flood Insurance Program remains financially sound. Pursuant to this responsibility, the Administrator shall from time to time review and eliminate nonessential costs and positions within the Program, unless otherwise authorized or required by law, as the Administrator determines to be necessary. (2) Annual independent actuarial study The Administrator shall provide for an independent actuarial study of the National Flood Insurance Program to be conducted annually, which shall analyze the financial position of the program based on the long-term estimated losses of the program. The Administrator shall submit a report (together with the independent actuarial study) annually to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate describing the results of such study, including a determination of whether the Program has collected revenue sufficient to cover the administrative expenses of carrying out the flood insurance program, which are reflected in the risk premium rates, cost of capital, all other costs associated with the transfer of risks, and expected claims payments during the reporting period, and an overall assessment of the financial status of the Program. (3) Determination of actuarial budget deficit (A) Requirement Within the report submitted under paragraph (2), the Administrator shall issue a determination of whether there exists an actuarial budget deficit for the Program for the year covered in the report. The report shall recommend any