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S. 2724: NFIP Extension Act of 2021


The text of the bill below is as of Sep 13, 2021 (Introduced).


II

117th CONGRESS

1st Session

S. 2724

IN THE SENATE OF THE UNITED STATES

September 13, 2021

(for himself, Mr. Menendez, Mr. Cassidy, and Mrs. Hyde-Smith) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To reauthorize the National Flood Insurance Program.

1.

Short title

This Act may be cited as the NFIP Extension Act of 2021.

2.

Reauthorization of National Flood Insurance Program

(a)

Financing

Section 1309(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4016(a)) is amended by striking September 30, 2021 and inserting September 30, 2022.

(b)

Program expiration

Section 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking September 30, 2021 and inserting September 30, 2022.

(c)

Retroactive effective date

If this Act is enacted after September 30, 2021, the amendments made by subsections (a) and (b) shall take effect as if enacted on September 30, 2021.