S.Amdt. 4726

SA 4726. Mr. COBURN submitted an amendment intended to be proposed to
amendment SA 4707 proposed by Mr. Dodd (for himself and Mr. Shelby) to
the bill S. 2284, to amend the National Flood Insurance Act of 1968, to
restore the financial solvency of the flood insurance fund, and for
other purposes; which was ordered to lie on the table; as follows:

On page 9, line 10, strike ``under paragraph (1).'' and
insert the following: ``under paragraph (1); and
``(3) charged premium rates at less than the estimated risk
premium rates under section 1307(a)(1) and not described in
section 1307(a)(4), shall be increased by 25 percent each
year until the average risk premium

[[Page S3928]]

rate for such properties is equal to the average of risk
premium rates for properties described under paragraph (1).
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