H. R. 5740 
One Hundred Twelfth Congress 
of the 
United States of America 
AT THE SECOND SESSION 
Begun and held at the City of Washington on Tuesday, 
the third day of January, two thousand and twelve 
An Act 
To extend the National Flood Insurance Program, and for other purposes. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. EXTENSION OF THE NATIONAL FLOOD INSURANCE PRO-
GRAM. 
(a) PROGRAM EXTENSION.—Section 1319 of the National Flood 
Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking 
‘‘the earlier of the date of the enactment into law of an Act that 
specifically amends the date specified in this section or May 31, 
2012’’ and inserting ‘‘July 31, 2012’’. 
(b) FINANCING.—Section 1309(a) of the National Flood Insur-
ance Act of 1968 (42 U.S.C. 4016(a)) is amended by striking ‘‘the 
earlier of the date of the enactment into law of an Act that specifi-
cally amends the date specified in this section or May 31, 2012’’ 
and inserting ‘‘July 31, 2012’’. 
SEC. 2. EXCLUSION OF VACATION HOMES AND SECOND HOMES FROM 
RECEIVING SUBSIDIZED PREMIUM RATES. 
(a) IN GENERAL.—Section 1307(a)(2) of the National Flood 
Insurance Act of 1968 (42 U.S.C. 4014(a)(2)) is amended by inserting 
before ‘‘; and’’ the following: ‘‘, except that the Administrator shall 
not estimate rates under this paragraph for any residential property 
which is not the primary residence of an individual’’. 
(b) PHASE-OUT OF SUBSIDIZED PREMIUM RATES.—Section 1308(e) 
of the National Flood Insurance Act of 1968 (42 U.S.C. 4015(e)) 
is amended— 
(1) by striking ‘‘under this title for any properties within 
any single’’ and inserting the following: ‘‘under this title for— 
‘‘(1) any properties within any single’’; and 
(2) by striking the period at the end and inserting the 
following: ‘‘; and 
‘‘(2) any residential properties which are not the primary 
residence of an individual, as described in section 1307(a)(2), 
shall be increased by 25 percent each year, until the average 
risk premium rate for such properties is equal to the average 
of the risk premium rates for properties described under para-
graph (1).’’. 
(c) EFFECTIVE DATE.—The first increase in chargeable risk pre-
mium rates for residential properties which are not the primary 
residence of an individual under section 1308(e)(2) of the National 
Flood Insurance Act of 1968, as added by this Act, shall take 
effect on July 1, 2012, and the chargeable risk premium rates
H. R. 5740—2 
for such properties shall be increased by 25 percent each year 
thereafter, as provided in such section 1308(e)(2). 
SEC. 3. COMPLIANCE WITH PAYGO. 
The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined 
by reference to the latest statement titled ‘‘Budgetary Effects of 
PAYGO Legislation’’ for this Act, submitted for printing in the 
Congressional Record by the Chairman of the Senate Budget Com-
mittee, provided that such statement has been submitted prior 
to the vote on passage. 
Speaker of the House of Representatives. 
Vice President of the United States and
President of the Senate.