borrowed nearly $40 billion from taxpayers to meet policyholder insurance claims. (8) In 2017, the Congressional Budget Office estimated that under its current model the NFIP is expected to lose $1.3 billion a year. (9) Historically, repeatedly flooded properties have accounted for just 1 percent of properties with National Flood Insurance Program policies but about 25 to 30 percent of flood claims. Nationwide more than 150,000 properties have repeatedly flooded at a cost to the NFIP of more than $12.5 billion. (10) On May 26, 2019, four former FEMA Administrators wrote a letter to Congressional leaders stating: Change is needed to allow the NFIP to pay off its debt and serve its purposes of reducing Federal disaster spending following flood events, minimizing flood losses, and discouraging unwise building in flood-prone areas. . 3. Sense of Congress It is the sense of the Congress that the Federal Government should— (1) discourage regulation and policies that result in building and rebuilding homes located in high flood-risk areas