42 U.S.C. § 208

GAO STUDY AND REPORT.

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“(a)Study.—The Comptroller General of the United States shall conduct a study of—“(1) the adequacy of the scope of coverage provided under flood insurance policies in meeting the intended goal of Congress that flood victims be restored to their pre-flood conditions, and any recommendations to ensure that goal is being met;“(2) the adequacy of payments to flood victims under flood insurance policies; and“(3) the practices of the Federal Emergency Management Agency and insurance adjusters in estimating losses incurred during a flood, and how such practices affect the adequacy of payments to flood victims.“(b)Report.—Not later than 1 year after the date of enactment of this Act [June 30, 2004], the Comptroller General shall submit to Congress a report regarding the results of the study under subsection (a).