H.R. 5553 (111th): National Flood Insurance Program Extension Act of 2010

111th Congress, 2009–2010. Text as of Jun 17, 2010 (Introduced).

Status & Summary | PDF | Source: GPO

HR 5553 IH

111th CONGRESS

2d Session

H. R. 5553

To extend the National Flood Insurance Program until December 31, 2013.

IN THE HOUSE OF REPRESENTATIVES

June 17, 2010

Mr. CAO introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To extend the National Flood Insurance Program until December 31, 2013.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘National Flood Insurance Program Extension Act of 2010’.

SEC. 2. SENSE OF CONGRESS.

    It is the sense of the Congress that--

      (1) the National Flood Insurance Program should be extended before it expires to ensure homeowners are not left financially vulnerable in the event of a natural disaster; and

      (2) the National Flood Insurance Program is not sustainable in its current form and needs permanent reform before the three-year extension under this Act expires.

SEC. 3. EXTENSION OF NATIONAL FLOOD INSURANCE PROGRAM.

    (a) Program Extension- Section 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking ‘September 30, 2008’ and inserting ‘December 31, 2013’.

    (b) Financing- Section 1309(a) of such Act (42 U.S.C. 4016(a)) is amended by striking ‘September 30, 2008’ and inserting ‘December 31, 2013’.