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H.R. 5569 (111th): National Flood Insurance Program Extension Act of 2010

The text of the bill below is as of Jun 22, 2010 (Introduced).


I

111th CONGRESS

2d Session

H. R. 5569

IN THE HOUSE OF REPRESENTATIVES

June 22, 2010

(for herself, Mr. Frank of Massachusetts, Mr. Kanjorski, and Mr. Jones) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To extend the National Flood Insurance Program until September 30, 2010.

1.

Short title

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

2.

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 September 30, 2010.

(b)

Financing

Section 1309(a) of such Act (42 U.S.C. 4016(a)) is amended—

(1)

by striking September 30, 2008 and inserting September 30, 2010; and

(2)

by striking $20,775,000,000 and inserting $20,725,000,000.

(c)

Effective date

The amendments made by subsections (a) and (b) shall be considered to have taken effect on May 31, 2010.

3.

Budget compliance

The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.