; 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) Option for policyholders (1) In general Notwithstanding section 1308 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4015 ), a policyholder under the National Flood Insurance Program may elect to have the chargeable premium rate for the applicable property of the policyholder, as in effect on April 1, 2020, apply and remain in effect during the period beginning on the date of enactment of this Act and ending on the date on which the Administrator completes all of the actions described in subsection (c), without regard to the chargeable premium rate that is in effect for that property, as of the day before the date of enactment of this Act. (2) Notification requirement The Administrator shall provide each policyholder under the National Flood Insurance Program a notification regarding the right of the policyholder under paragraph (1). (c) Required actions The actions of the Administrator described in this subsection are as follows: (1) Makes 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) Creates 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