II 109th CONGRESS 2d Session S. 2275 IN THE SENATE OF THE UNITED STATES February 10 (legislative day, February 9), 2006 Mr. Shelby introduced the following bill; which was read twice, considered, read the third time, and passed A BILL To temporarily increase the borrowing authority of the Federal Emergency Management Agency for carrying out the national flood insurance program.

1.

Short title

This Act may be cited as the National Flood Insurance Program Enhanced Borrowing Authority Act of 2006.

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)), as amended by the National Flood Insurance Program Further Enhanced Borrowing Authority Act of 2005 (Public Law 109–106; 119 Stat. 2288), is amended by striking $18,500,000,000 and inserting $21,200,000,000.

3.

Emergency spending

Amendments made pursuant to this Act are designated as emergency spending, as provided under section 402 of H. Con. Res. 95 (109th Congress).