National Flood Insurance Program Reauthorization Act of 2003

National Flood Insurance Program Reauthorization Act of 2003 - Amends the National Flood Insurance Act of 1968 to extend through 2003: (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 108th Congress]
[From the U.S. Government Publishing Office]
[S. 122 Introduced in Senate (IS)]







108th CONGRESS
  1st Session
                                 S. 122

            To extend the national flood insurance program.


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                   IN THE SENATE OF THE UNITED STATES

                            January 9, 2003

  Mr. Shelby (for himself, Mr. Sarbanes, Mr. Bond, Ms. Mikulski, Mr. 
Bunning, Mr. Bennett, Mr. Allard, Mr. Enzi, Mr. Hagel, Mr. Chafee, Mr. 
Johnson, Mr. Reed, Mr. Schumer, Mr. Bayh, Mr. Miller, Ms. Stabenow, and 
 Mr. Corzine) introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 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. SHORT TITLE.

    This Act may be cited as the ``National Flood Insurance Program 
Reauthorization Act of 2003''.

SEC. 2. EXTENSION OF NATIONAL FLOOD INSURANCE PROGRAM.

    (a) Extension.--The National Flood Insurance Act of 1968 is 
amended--
            (1) in section 1309(a)(2) (42 U.S.C. 4016(a)(2)), by 
        striking ``December 31, 2002'' and inserting ``December 31, 
        2003'';
            (2) in section 1319 (42 U.S.C. 4026), by striking ``after'' 
        and all that follows through the period at the end and 
        inserting ``after December 31, 2003.'';
            (3) in section 1336(a) (42 U.S.C. 4056(a)), by striking 
        ``ending'' and all that follows through ``in'' and inserting 
        ``ending December 31, 2003, in''; and
            (4) in section 1376(c) (42 U.S.C. 4127), by striking 
        ``December 31, 2002'' and inserting ``December 31, 2003''.
    (b) Effective Date.--The amendments made by this section shall be 
considered to have taken effect on December 31, 2002.
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