[Congressional Record (Bound Edition), Volume 149 (2003), Part 20]
[Senate]
[Page 28072]
[From the U.S. Government Publishing Office, www.gpo.gov]




 EXEMPTING CERTAIN COASTAL BARRIER PROPERTY FROM FINANCIAL ASSISTANCE 
                    AND FLOOD INSURANCE LIMITATIONS

  Mr. McCAIN. Mr. President, I ask unanimous consent that the Senate 
proceed to the immediate consideration of Calendar No. 352, S. 1643.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The legislative clerk read as follows:

       A bill (S. 1643) to exempt certain coastal barrier property 
     from financial assistance and flood insurance limitations 
     under the Coastal Barriers Resources Act and the National 
     Flood Insurance Act of 1968.

  There being no objection, the Senate proceeded to consider the bill, 
which had been reported from the Committee on Environment and Public 
Works, with amendments, as follows:

       [Strike the parts shown in black brackets and insert the 
     parts shown in italic.]

                                S. 1643

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

     SECTION 1. FINANCIAL ASSISTANCE; FLOOD INSURANCE.

       The limitations on Federal expenditures or financial 
     assistance in [section 6] section 5 of the Coastal Barrier 
     Resources Act (16 U.S.C. 3504) and the limitations on flood 
     insurance coverage in section 1321(a) of the National Flood 
     Insurance Act of 1968 (42 U.S.C. 4028(a)) shall not apply to 
     lots 15, 16, 25, and 29 within the Jeremy Cay Subdivision on 
     Edisto Island, South Carolina, depicted on the [map] 
     reference map entitled ``John H. Chafee Coastal Barrier 
     Resources System Edisto Complex M09/M09P'' dated January 24, 
     2003.

  Mr. McCAIN. Mr. President, I ask unanimous consent that the committee 
amendments be agreed to en bloc, the bill, as amended, be read a third 
time and passed, the motions to reconsider be laid upon the table en 
bloc, and that any statements relating to the bill be printed in the 
Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The committee amendments were agreed to.
  The bill (S. 1643), as amended, was read the third time and passed, 
as follows:

                                S. 1643

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

     SECTION 1. FINANCIAL ASSISTANCE; FLOOD INSURANCE.

       The limitations on Federal expenditures or financial 
     assistance in section 5 of the Coastal Barrier Resources Act 
     (16 U.S.C. 3504) and the limitations on flood insurance 
     coverage in section 1321(a) of the National Flood Insurance 
     Act of 1968 (42 U.S.C. 4028(a)) shall not apply to lots 15, 
     16, 25, and 29 within the Jeremy Cay Subdivision on Edisto 
     Island, South Carolina, depicted on the reference map 
     entitled ``John H. Chafee Coastal Barrier Resources System 
     Edisto Complex M09/M09P'' dated January 24, 2003.

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