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United States · Law · HR

H.R. 5740 (112th)

National Flood Insurance Program Extension Act

enactedUnited States· United States Congress· EN

Introduced

15 May 2012

Last action

31 May 2012 · President

Status

Became Public Law No: 112-123.

Sponsors

Rep. Biggert, Judy [R-IL-13], Rep. Waters, Maxine [D-CA-43]

Subjects

Discovery layer

Source updated

7 April 2025

Summary

National Flood Insurance Program Extension Act - Amends the National Flood Insurance Act of 1968 (NFIA) to extend to June 30, 2012, the financing for National Flood Insurance Program. Amends the Flood Disaster Protection Act of 1973 (FDPA) to direct each federal agency lender, in connection with mortgage loans, to accept private flood insurance as satisfaction of the federal flood insurance coverage requirement if such insurance meets specified requirements. Directs the Administrator of the Federal Emergency Management Agency (FEMA) and the Comptroller General each to study methods for privatizing the Program. Authorizes the Administrator to implement private risk-management initiatives under the Program to determine the capacity of private insurers, reinsurers, and financial markets to assist communities, on a voluntary basis only, in managing the full range of financial risks associated with flooding. Directs the Administrator to assess the capacity of the private reinsurance, capital, and financial markets by seeking proposals to assume a portion of the Program's insurance risk. Authorizes the Administrator to secure reinsurance coverage of coverage provided by the Program from private market insurance, reinsurance, and capital market sources in an amount sufficient to maintain the ability of the Program to pay claims and to minimize the likelihood that the Program will utilize certain statutory borrowing authority. Directs the Administrator to assess the claims-paying ability of the Program, including its utilization of private sector reinsurance and reinsurance equivalents, with and without reliance on certain statutory borrowing authority. Directs the Administrator and the Comptroller each to study: (1) options, methods, and strategies for offering voluntary community-based flood insurance policy options and incorporating such options into the Program; and (2) an implementation strategy that would encourage communities to undertake flood mitigation activities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 May 2012

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 15 May 2012

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 May 2012

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 16 May 2012

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5740.

    Source: Floor

  5. 16 May 2012

    Floor

    Considered under suspension of the rules. (consideration: CR H2782-2787)

    Source: Floor

  6. 16 May 2012

    Floor

    Mrs. Biggert moved to suspend the rules and pass the bill.

    Source: Floor

  7. 16 May 2012

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  8. 17 May 2012

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  9. 17 May 2012

    Vote

    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 402 - 18 (Roll no. 262). (text: CR 5/16/2012 H2782-2783)

    Source: Floor

  10. 17 May 2012

    Floor

    Considered as unfinished business. (consideration: CR H2846-2847)

    Source: Floor

  11. 17 May 2012

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 402 - 18 (Roll no. 262).(text: CR 5/16/2012 H2782-2783)

    Source: Floor

  12. 21 May 2012

    Introduced

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 407.

    Source: Calendars

  13. 24 May 2012

    Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S3611)

    Source: Floor

  14. 24 May 2012

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

    Source: Floor

  15. 30 May 2012

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

  16. 30 May 2012

    Passed

    On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (text as House agreed to Senate amendment: CR H3250)

    Source: ResolvingDifferences

  17. 30 May 2012

    Passed

    Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.(text as House agreed to Senate amendment: CR H3250)

    Source: NotUsed

  18. 30 May 2012

    Floor

    DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendment to H.R. 5740.

    Source: Floor

  19. 30 May 2012

    ResolvingDifferences

    Mrs. Biggert moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H3250-3252)

    Source: ResolvingDifferences

  20. 31 May 2012

    Became law

    Became Public Law No: 112-123.

    Source: President

  21. 31 May 2012

    Became law

    Signed by President.

    Source: BecameLaw

  22. 31 May 2012

    President

    Signed by President.

    Source: President

  23. 31 May 2012

    Floor

    Presented to President.

    Source: Floor

  24. 31 May 2012

    President

    Presented to President.

    Source: President

Votes

No vote records are attached yet.

Versions

Documents

16 official files

Enrolled Bill (text)

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  • Enrolled Bill (text)

    Enrolled Bill · EN

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  • Enrolled Bill (PDF)

    Enrolled Bill · EN

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  • Public Law (text)

    Public Law · EN · 31 May 2012

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  • Public Law (PDF)

    Public Law · EN · 31 May 2012

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  • Public Law

    summary · EN · 31 May 2012

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  • Engrossed Amendment Senate (text)

    Engrossed Amendment Senate · EN · 24 May 2012

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  • Engrossed Amendment Senate (PDF)

    Engrossed Amendment Senate · EN · 24 May 2012

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  • Passed Senate amended

    summary · EN · 24 May 2012

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 21 May 2012

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  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 21 May 2012

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  • Engrossed in House (text)

    Engrossed in House · EN · 17 May 2012

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 17 May 2012

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  • Passed House without amendment

    summary · EN · 17 May 2012

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  • Introduced in House (text)

    Introduced in House · EN · 15 May 2012

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  • Introduced in House (PDF)

    Introduced in House · EN · 15 May 2012

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  • Introduced in House

    summary · EN · 15 May 2012

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