To temporarily increase the borrowing authority of the Federal Emergency Management Agency for carrying out the National Flood Insurance Program.

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Amends the National Flood Insurance Act of 1968 to increase from $20.725 billion to $30.425 billion the total amount of notes and obligations (federal borrowing authority) which may be issued by the Administrator of the Federal Emergency Management Agency (FEMA), with the President's approval, for the National Flood Insurance program.

Designates such increase as an emergency requirement under the the Statutory Pay-As-You-Go Act of 2010.

[113th Congress Public Law 1]
[From the U.S. Government Publishing Office]



[[Page 127 STAT. 3]]

Public Law 113-1
113th Congress

                                 An Act


 
To temporarily increase the borrowing authority of the Federal Emergency 
    Management Agency for carrying out the National Flood Insurance 
              Program. <<NOTE: Jan. 6, 2013 -  [H.R. 41]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. TEMPORARY INCREASE IN BORROWING AUTHORITY FOR NATIONAL 
                              FLOOD INSURANCE PROGRAM.

    (a) Section 1309(a) of the National Flood Insurance Act of 1968 (42 
U.S.C. 4016(a)) is amended by striking ``$20,725,000,000'' and inserting 
``$30,425,000,000''.
    (b) The amount provided by this section is designated by the 
Congress as an emergency requirement pursuant to section 403(a) of S. 
Con. Res. 13 (111th Congress), the concurrent resolution on the budget 
for fiscal year 2010, and as an emergency pursuant to section 4(g) of 
the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 933(g)).

    Approved January 6, 2013.

LEGISLATIVE HISTORY--H.R. 41:
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CONGRESSIONAL RECORD, Vol. 159 (2013):
            Jan. 4, considered and passed House and Senate.

                                  <all>