1. Short title This Act may be cited as the Increased Cost of Compliance Modernization Act of 2023 . 2. Increased cost of compliance coverage Section 1304(b) of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4011(b) ) is amended— (1) in paragraph (4), by redesignating subparagraphs (A) through (D) as clauses (i) through (iv), respectively, and adjusting the margins accordingly; (2) by redesignating paragraphs (1) through (4) as subparagraphs (A) through (D), respectively, and adjusting the margins accordingly; (3) by striking (b) Additional coverage for compliance with land use and control measures .—The national and inserting the following: (b) Additional coverage for compliance with land use and control measures (1) In general The national ; (4) by striking the last sentence (relating to surcharge)