[Congressional Record (Bound Edition), Volume 160 (2014), Part 1]
[Senate]
[Pages 684-685]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 2652. Mr. REED submitted an amendment intended to be proposed by 
him to the bill S. 1846, to delay the implementation of certain 
provisions of the Biggert-Waters Flood Insurance Reform Act of 2012, 
and for other purposes; which was ordered to lie on the table; as 
follows:

       At the end, add the following:

     SEC. __. STUDY OF VOLUNTARY COMMUNITY-BASED FLOOD INSURANCE 
                   OPTIONS.

       (a) Study.--
       (1) Study required.--The Administrator shall conduct a 
     study to assess options, methods, and strategies for making 
     available voluntary community-based flood insurance policies 
     through the National Flood Insurance Program.

[[Page 685]]

       (2) Considerations.--The study conducted under paragraph 
     (1) shall--
       (A) take into consideration and analyze how voluntary 
     community-based flood insurance policies--
       (i) would affect communities having varying economic bases, 
     geographic locations, flood hazard characteristics or 
     classifications, and flood management approaches; and
       (ii) could satisfy the applicable requirements under 
     section 102 of the Flood Disaster Protection Act of 1973 (42 
     U.S.C. 4012a); and
       (B) evaluate the advisability of making available voluntary 
     community-based flood insurance policies to communities, 
     subdivisions of communities, and areas of residual risk.
       (3) Consultation.--In conducting the study required under 
     paragraph (1), the Administrator may consult with the 
     Comptroller General of the United States, as the 
     Administrator determines is appropriate.
       (b) Report by the Administrator.--
       (1) Report required.--Not later than 18 months after the 
     date of enactment of this Act, the Administrator shall submit 
     to the Committee on Banking, Housing, and Urban Affairs of 
     the Senate and the Committee on Financial Services of the 
     House of Representatives a report that contains the results 
     and conclusions of the study conducted under subsection (a).
       (2) Contents.--The report submitted under paragraph (1) 
     shall include recommendations for--
       (A) the best manner to incorporate voluntary community-
     based flood insurance policies into the National Flood 
     Insurance Program; and
       (B) a strategy to implement voluntary community-based flood 
     insurance policies that would encourage communities to 
     undertake flood mitigation activities, including the 
     construction, reconstruction, or improvement of levees, dams, 
     or other flood control structures.
       (c) Report by Comptroller General.--Not later than 6 months 
     after the date on which the Administrator submits the report 
     required under subsection (b), the Comptroller General of the 
     United States shall--
       (1) review the report submitted by the Administrator; and
       (2) submit to the Committee on Banking, Housing, and Urban 
     Affairs of the Senate and the Committee on Financial Services 
     of the House of Representatives a report that contains--
       (A) an analysis of the report submitted by the 
     Administrator;
       (B) any comments or recommendations of the Comptroller 
     General relating to the report submitted by the 
     Administrator; and
       (C) any other recommendations of the Comptroller General 
     relating to community-based flood insurance policies.
                                 ______
                                 
  SA 2653. Mr. REED submitted an amendment intended to be proposed by 
him to the bill S. 1846, to delay the implementation of certain 
provisions of the Biggert-Waters Flood Insurance Reform Act of 2012, 
and for other purposes; which was ordered to lie on the table; as 
follows:

       At the end, add the following:

     SEC. __. STUDY OF VOLUNTARY COMMUNITY-BASED FLOOD INSURANCE 
                   OPTIONS.

       (a) Study.--
       (1) Study required.--The Administrator shall conduct a 
     study to assess options, methods, and strategies for making 
     available voluntary community-based flood insurance policies 
     through the National Flood Insurance Program.
       (2) Considerations.--The study conducted under paragraph 
     (1) shall--
       (A) take into consideration and analyze how voluntary 
     community-based flood insurance policies--
       (i) would affect communities having varying economic bases, 
     geographic locations, flood hazard characteristics or 
     classifications, and flood management approaches; and
       (ii) could satisfy the applicable requirements under 
     section 102 of the Flood Disaster Protection Act of 1973 (42 
     U.S.C. 4012a); and
       (B) evaluate the advisability of making available voluntary 
     community-based flood insurance policies to communities, 
     subdivisions of communities, and areas of residual risk.
       (3) Consultation.--In conducting the study required under 
     paragraph (1), the Administrator may consult with the 
     Comptroller General of the United States, as the 
     Administrator determines is appropriate.
       (b) Report by the Administrator.--
       (1) Report required.--Not later than 18 months after the 
     date of enactment of this Act, the Administrator shall submit 
     to the Committee on Banking, Housing, and Urban Affairs of 
     the Senate and the Committee on Financial Services of the 
     House of Representatives a report that contains the results 
     and conclusions of the study conducted under subsection (a).
       (2) Contents.--The report submitted under paragraph (1) 
     shall include recommendations for--
       (A) the best manner to incorporate voluntary community-
     based flood insurance policies into the National Flood 
     Insurance Program; and
       (B) a strategy to implement voluntary community-based flood 
     insurance policies that would encourage communities to 
     undertake flood mitigation activities, including the 
     construction, reconstruction, or improvement of levees, dams, 
     or other flood control structures.
       (c) Report by Comptroller General.--Not later than 6 months 
     after the date on which the Administrator submits the report 
     required under subsection (b), the Comptroller General of the 
     United States shall--
       (1) review the report submitted by the Administrator; and
       (2) submit to the Committee on Banking, Housing, and Urban 
     Affairs of the Senate and the Committee on Financial Services 
     of the House of Representatives a report that contains--
       (A) an analysis of the report submitted by the 
     Administrator;
       (B) any comments or recommendations of the Comptroller 
     General relating to the report submitted by the 
     Administrator; and
       (C) any other recommendations of the Comptroller General 
     relating to community-based flood insurance policies.
                                 ______
                                 
  SA 2654. Mr. HELLER (for himself and Mr. Lee) submitted an amendment 
intended to be proposed by him to the bill S. 1846, to delay the 
implementation of certain provisions of the Biggert-Waters Flood 
Insurance Reform Act of 2012, and for other purposes; which was ordered 
to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. __. AUTHORITY OF STATES TO REGULATE PRIVATE FLOOD 
                   INSURANCE.

       Section 102(b)(7) of the Flood Disaster Protection Act of 
     1973 (42 U.S.C. 4012a(b)(7)) is amended to read as follows:
       ``(7) Private flood insurance defined.--In this subsection, 
     the term `private flood insurance' means an insurance policy 
     that--
       ``(A) provides flood insurance coverage; and
       ``(B) is issued by an insurance company that is licensed, 
     admitted, or otherwise approved to engage in the business of 
     insurance in the State or jurisdiction in which the insured 
     building is located, by the insurance regulator of that State 
     or jurisdiction.''.
                                 ______
                                 
  SA 2655. Mr. REID proposed an amendment to the bill H.R. 3547, to 
extend Government liability, subject to appropriation, for certain 
third-party claims arising from commercial space launches; as follows:

       At the end, add the following:
       This Act shall become effective 1 day after enactment.
                                 ______
                                 
  SA 2656. Mr. REID proposed an amendment to amendment SA 2655 proposed 
by Mr. Reid to the bill H.R. 3547, to extend Government liability, 
subject to appropriation, for certain third-party claims arising from 
commercial space launches; as follows:

       In the amendment, strike ``1 day'' and insert ``2 days''.
                                 ______
                                 
  SA 2657. Mr. REID proposed an amendment to the bill H.R. 3547, to 
extend Government liability, subject to appropriation, for certain 
third-party claims arising from commercial space launches; as follows:

       At the end, add the following:
       This Act shall become effective 3 days after enactment.
                                 ______
                                 
  SA 2658. Mr. REID proposed an amendment to amendment SA 2657 proposed 
by Mr. Reid to the bill H.R. 3547, to extend Government liability, 
subject to appropriation, for certain third-party claims arising from 
commercial space launches; as follows:

       In the amendment, strike ``3 days'' and insert ``4 days''.
                                 ______
                                 
  SA 2659. Mr. REID proposed an amendment to amendment SA 2658 proposed 
by Mr. Reid to the amendment SA 2657 proposed by Mr. Reid to the bill 
H.R. 3547, to extend Government liability, subject to appropriation, 
for certain third-party claims arising from commercial space launches; 
as follows:

       In the amendment, strike ``4 days'' and insert ``5 days''.

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