1. Short title This Act may be cited as the Risk Rating 2.0 Transparency Act . 2. Transparency requirements (a) Definitions In this section— (1) the term Administrator means the Administrator of the Federal Emergency Management Agency; and (2) the term National Flood Insurance Program means the program established under the National Flood Insurance Act of 1968 ( 42 U.S.C. 4001 et seq. ). (b) Required actions Not later than 1 year after the date of enactment of this Act, the Administrator shall complete each of the following actions: (1) Make available to the public all data and methods used to prescribe chargeable premium rates for types and classes of properties for which insurance coverage is available under the National Flood Insurance Act of 1968 ( 42 U.S.C. 4001 et seq. ) (referred to in this subsection as chargeable premium rates ) under Risk Rating 2.0, or any substantially similar methodology. (2) Create an online database that is available to policyholders under the National Flood Insurance Program that provides each such policyholder with information regarding what the chargeable premium rate for the applicable property of the policyholder would be— (A) under Risk Rating 2.0, or any substantially similar methodology; and (B) assuming that the limitation under section 1308(e) of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4015(e) ) were not in effect. (3) Complete and publish a comprehensive assessment of the economic and social impacts of implementing Risk Rating 2.0 (or any substantially similar methodology) during the 20-year period beginning in the year in which the assessment is made, which shall include an evaluation of the effect that such implementation will have, during that 20-year period, on— (A) the affordability and availability of flood insurance under the National Flood Insurance Program; (B) property values