S.Amdt. 2710

SA 2710. Mr. McCAIN submitted an amendment intended to be proposed by him to the bill S. 1926, to delay the implementation of certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 and to reform the National Association of Registered Agents and Brokers, and for other purposes; which was ordered to lie on the table; as follows:

On page 9, between lines 6 and 7, insert the following:

(F) The estimated cost to the Federal Government of operating the National Flood Insurance Program during the 5-year period beginning on the date of enactment of this Act, including the cost of any claim payments that the Administrator would make for claims resulting from predicted changes in construction activity in floodplains, if, during that period, the Administrator were to prescribe chargeable risk premium rates for flood insurance--

(i) in accordance with the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.) as in effect on the day before the date of enactment of the Biggert-Waters Flood Insurance Reform Act of 2012 (Public Law 112-141; 126 Stat. 916);

(ii) in accordance with the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.) as amended by the Biggert-Waters Flood Insurance Reform Act of 2012 (Public Law 112-141; 126 Stat. 916); or

(iii) that are not less than the applicable estimated risk premium rates under section 1307(a)(1) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(a)(1)).