[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3669 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 3669

    To temporarily increase the borrowing authority of the Federal 
    Emergency Management Agency for carrying out the national flood 
                           insurance program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 7, 2005

 Mr. Ney (for himself, Mr. Baker, Ms. Waters, Ms. Ginny Brown-Waite of 
Florida, and Mr. Davis of Alabama) introduced the following bill; which 
          was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
    To temporarily increase the borrowing authority of the Federal 
    Emergency Management Agency for carrying out 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 
Enhanced Borrowing Authority Act of 2005''.

SEC. 2. INCREASE IN BORROWING AUTHORITY.

    The first sentence of subsection (a) of section 1309 of the 
National Flood Insurance Act of 1968 (42 U.S.C. 4016(a)) is amended by 
inserting before the period at the end the following: ``; except that, 
through September 30, 2008, clause (2) of this sentence shall be 
applied by substituting `$3,500,000,000' for `$1,500,000,000'''.
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