S.Amdt. 4416

SA 4416. Mr. VITTER submitted an amendment intended to be proposed by him to the bill H.R. 5297, to create the Small Business Lending Fund Program to direct the Secretary of the Treasury to make capital investments in eligible institutions in order to increase the availability of credit for small businesses, to amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, and for other purposes; which was ordered to lie on the table; as follows:

At the end of the amendment, insert the following:

SEC. ___. EXTENSION OF NATIONAL FLOOD INSURANCE PROGRAM.

(a) Program Extension.--Section 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking “September 30, 2008” and inserting “September 30, 2010”.

(b) Financing.--Section 1309(a) of such Act (42 U.S.C. 4016(a)) is amended--

(1) by striking “September 30, 2008” and inserting “September 30, 2010”; and

(2) by striking “$20,775,000,000” and inserting “$20,725,000,000”.

(c) Effective Date.--The amendments made by subsections (a) and (b) shall be considered to have taken effect on May 31, 2010.

(d) Budget Compliance.--The budgetary effects of this section, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled “Budgetary Effects of PAYGO Legislation” for this section, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.