; and (2) any recommendations made by the Council during the year covered by the report that, as of the date on which the report is submitted, have been deferred or not acted upon, together with an explanatory statement with respect to those recommendations. (j) Applicability of the Federal Advisory Committee Act Section 1013 of title 5, United States Code, shall not apply to the Council. . 416. Disclosure of flood risk information prior to transfer of property (a) In general Chapter I of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4011 et seq. ), as amended by section 207, is amended by adding at the end the following: 1327. Disclosure of flood risk information prior to transfer of property (a) In general After September 30, 2024, no new flood insurance coverage may be provided under this title for any real property unless an appropriate public body has imposed, by statute or regulation, a duty on any seller or lessor of improved real estate to provide to any purchaser or lessee (with respect to a lease for a term that is not shorter than 30 days) of the property a property flood hazard disclosure that the Administrator has determined meets the requirements of subsection (b). (b) Disclosure requirements (1) Requirements for sellers A property flood hazard disclosure for the sale of a property shall meet the requirements of this subsection only if the disclosure— (A) is made in writing; (B) discloses any actual knowledge of the seller of— (i) any prior physical damage caused by flood to a structure located on the property; (ii) any prior insurance claim for a loss covered under the national flood insurance program or private flood insurance with respect to the property; (iii) any previous notification regarding the designation of the property as a repetitive loss structure or severe repetitive loss structure (as defined in section 1366(h)); (iv) any Federal legal obligation to obtain and maintain flood insurance running with the property; (v) whether the property is located in a wetland