A bill to amend the National Flood Insurance Act of 1968 for the purpose of increasing flood insurance coverage under such act and specifying the kind of substantial improvements to structures to which the land use management provision of such act applies.

Amends the National Flood Insurance Act of 1968 to increase flood insurance coverage available under the Act for certain residential, business, and other properties.

Specifies that certain criteria for land management and use in flood-prone areas shall not apply to the repair or improvement of a structure unless the cost of such repair or improvement exceeds a specified figure.