S.Amdt. 2654
What it does: Adds SEC. __. AUTHORITY OF STATES TO REGULATE PRIVATE FLOOD INSURANCE wherever appropriate
Sen. Dean Heller (R-NV)What it changes
1 change to S. 1846
Adds SEC. __. AUTHORITY OF STATES TO REGULATE PRIVATE FLOOD INSURANCE wherever appropriate
Adds a sectionInserted: SEC. __. AUTHORITY OF STATES TO REGULATE PRIVATE FLOOD INSURANCE.
Inserted: 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:
Inserted: "(7) Private flood insurance defined.--In this subsection, the term 'private flood insurance' means an insurance policy that--
Inserted: "(A) provides flood insurance coverage; and
Inserted: "(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.".
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
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.”.
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Senate amendment submitted
January 15, 2014