Amendment requires that the GAO conduct a study on ways that the private insurance market can contribute to insuring against flood damage; assessing the impact on the National Flood Insurance Program if communities were to opt out; and determining the feasibility of regionalizing the National Flood Insurance Program so there is no cross-subsidization between regions.

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Amendment Number
723
Description
Amendment requires that the GAO conduct a study on ways that the private insurance market can contribute to insuring against flood damage; assessing the impact on the National Flood Insurance Program if communities were to opt out; and determining the feasibility of regionalizing the National Flood Insurance Program so there is no cross-subsidization between regions.
Purpose
An amendment numbered 6 printed in House Report 111-537 to require that the Government Accountability Office conduct a study on ways the private insurance market can contribute to insuring against flood damage; the impact on the National Flood Insurance Program if communities were to opt out; and the feasibility of regionalizing the National Flood Insurance Program so there is no cross-subsidization between regions.
Congress
111
Type
HAMDT
Latest Action Date
Jul 15, 2010
Latest Action Text
On agreeing to the Miller (MI) amendment (A006) Agreed to by voice vote.
Latest Action Time
12:47:42
Submitted Date
Jul 15, 2010
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 723 — Informed