H.R.5953 - National Flood Insurance Program Debt Forgiveness Act of 2016114th Congress (2015-2016)
|Sponsor:||Rep. Waters, Maxine [D-CA-43] (Introduced 09/08/2016)|
|Committees:||House - Financial Services; Budget|
|Latest Action:||House - 09/08/2016 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
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Summary: H.R.5953 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (09/08/2016)
National Flood Insurance Program Debt Forgiveness Act of 2016
This bill cancels all indebtedness outstanding as of September 30, 2016, of the Federal Emergency Management Agency under any notes or other obligations issued pursuant to the National Flood Insurance Act of 1968 and the Federal Flood Insurance Act of 1956.
Such cancelled indebtedness may be treated as a public debt of the United States and is designated as an emergency pursuant to the Statutory Pay-As-You-Go Act of 2010.