To extend the national flood insurance program.

Amends the National Flood Insurance Act of 1968 to extend through 2004: (1) the authority under which the Director of the Federal Emergency Management Agency may issue notes and other obligations to the Secretary of the Treasury for the purpose of carrying out the national flood insurance program; (2) the authority to enter into new flood insurance contracts; (3) requirements for carrying out emergency implementation of the flood insurance program; and (4) the authorization of appropriations for carrying out studies under the Act.

[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5759 Introduced in House (IH)]






107th CONGRESS
  2d Session
                                H. R. 5759

            To extend the national flood insurance program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 19, 2002

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

_______________________________________________________________________

                                 A BILL


 
            To extend the national flood insurance program.

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

SECTION 1. EXTENSION OF NATIONAL FLOOD INSURANCE PROGRAM.

    (a) Borrowing Authority.--Section 1309(a)(2) of the National Flood 
Insurance Act of 1968 (42 U.S.C. 4016(a)(2)) is amended by striking 
``December 31, 2002'' and inserting ``December 31, 2004''.
    (b) Authority to Write Policies.--Section 1319 of the National 
Flood Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking 
``after'' and all that follows through the period at the end and 
inserting ``after December 31, 2004.''.
    (c) Emergency Implementation of Program.--Section 1336(a) of the 
National Flood Insurance Act of 1968 (42 U.S.C. 4056(a)) is amended by 
striking ``ending'' and all that follows through ``in'' and inserting 
``ending December 31, 2004, in''.
    (d) Authorization of Appropriations for Studies.--Section 1376(c) 
of the National Flood Insurance Act of 1968 (42 U.S.C. 4127) is amended 
by striking ``December 31, 2002'' and inserting ``December 31, 2004''.
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