year frequency flood and enabling the structure
to comply with the land use and control meas-
ures adopted by the community under section
1315(a)—
‘‘(i) upon the first renewal of the
flood insurance contract for such property
occurring after the payment of such claim,
the Director shall provide for premium
rates for flood insurance for such structure
based only on the risk involved and sound
actuarial principles; and
‘‘(ii) 
notwithstanding 
subsection
(d)(1), upon the completion of mitigation
activities, the provisions of such subsection
requiring the purchase of mitigation insur-
ance shall not apply.
‘‘(B) NONCOMPLIANCE WITH FLOODPLAIN
MANAGEMENT MEASURES.—For any structure
for which a payment is made on a claim under
a contract for mitigation insurance for repet-
itive flood damage described under subsection
(f)(1)(A) 
for 
the 
purpose 
of 
conducting
floodproofing and other activities that do not
afford the structure protection from the 100-
year frequency flood nor enable the structure to
comply with the land use and control measures
adopted by the community under section
1315(a)—
‘‘(i) the Director shall continue to
provide for premium rates for flood insur-
ance for such structure based on the proce-
dure otherwise generally used by the Direc-
tor for determining such rate;
‘‘(ii) the Director shall continue to re-
quire the purchase of mitigation insurance
under subsection (d)(1), but shall provide
for discounted premium rates for such
mitigation 
insurance 
under 
subsection
(i)(3)(C)(ii) at a rate that reflects the risk
of future mitigation insurance payments
for flood claims for substantial damage
under subsection (f)(1)(B); and
‘‘(iii) the Director shall provide for an
increase in the minimum deductible for
flood insurance for such structure based on
the level of protection against flood dam-
age afforded the structure by such activi-
ties.
‘‘(3) EFFECT OF NONPAYMENT OF REPETITIVE
DAMAGE CLAIM.—With respect to any structure for
which a payment is not made for a claim under a
contract for mitigation insurance for repetitive flood
damage described under subsection (f)(1)(A) because
of the unavailability of a cost-effective alternative
under paragraph (1)(B) of this subsection—
‘‘(A) the Director shall continue to provide
for premium rates for flood insurance for such
structure based on the procedure generally used
by the Director for determining such rate;
‘‘(B) the Director shall provide for an in-
crease in the minimum deductible for flood in-
surance and provide for further increases in the
deductible upon any further payments of claims
under the flood insurance contract for such
structure; and
‘‘(C) the Director shall continue to require
the purchase of mitigation insurance under sub-
section (d)(1), and shall provide for premium
rates under subsection (i) that reflect the pay-
ment of possible future mitigation insurance
claims under subsection (f)(1)(B).
‘‘(4) PROCEDURE
FOR
PAYMENT
OF
MITIGA-
TION CLAIMS.—The Director shall establish proce-
dures for—
‘‘(A) issuance of payment of claims for
mitigation activities under this subsection in in-
crements based on the percentage of the mitiga-
tion activity completed; and
‘‘(B) on-site and other verification of the
percentage of the mitigation activity completed.
‘‘(h) CLAIMS FOR IMMINENT EROSION DAMAGE.—
Claims under a contract for mitigation insurance for im-
minent erosion damage described under subsection (f)(2)
shall be subject to the following requirements:
‘‘(1) 
USE
OF
PAYMENT
AMOUNTS.—Any
amounts received for payment of a claim under such
subsection may be used only as follows:
‘‘(A) RELOCATION
ACTIVITIES.—For ac-
tivities to relocate the structure—
‘‘(i) landward of the 30-year erosion
setback 
established 
under 
section
1360(g)(3), if the structure is a readily
movable structure consisting of 1 to 4
dwelling units; and
‘‘(ii) landward of the 60-year erosion
setback 
established 
under 
section
1360(g)(2), if the structure is any other
type of movable structure.
‘‘(B) DEMOLITION
ACTIVITIES.—For ac-
tivities to demolish the structure if—
‘‘(i) the remaining portion of the lot
or parcel of property on which the struc-
ture is located is inadequate to accommo-
date the relocation of the structure in con-
formance with subparagraph (A) and no
alternative location exists for relocation of
the structure that (in the determination of
the Director) would be cost-effective;
‘‘(ii) the cost of relocating the struc-
ture is greater than the value of the struc-
ture as determined under the procedure
under paragraph (2)(A); or
‘‘(iii) the structure is not of such
structural soundness (in the determination
of the Director) to permit relocation in a
safe manner.
‘‘(2) AMOUNT OF CLAIM PAYMENT.—The Direc-
tor shall pay claims for imminent erosion damage
described under subsection (f)(2) that the Director
determines are in compliance with regulations issued
pursuant to subsection (k) in the following amounts:
‘‘(A) RELOCATION
CLAIMS.—For reloca-
tion of a structure under paragraph (1)(A), an
amount not to exceed 40 percent of the value
of the structure, as the Director shall determine
according to the lesser of—
‘‘(i) the fair market value of a com-
parable structure not subject to imminent
collapse or subsidence;
‘‘(ii) the price paid for the structure
and any improvement to the structure, as
adjusted for inflation in accordance with
an index determined by the Director to be
appropriate; or
‘‘(iii) the value of the structure under
the flood insurance contract issued pursu-
ant to this title.
‘‘(B) DEMOLITION
CLAIMS.—For demoli-
tion of a structure under paragraph (1)(B)—
‘‘(i) following final determination that
the requirements of paragraph (1)(B) have
been met, an amount equal to 40 percent
of the value of the structure as determined
under the procedure under subparagraph
(A); and
‘‘(ii) following demolition of the struc-
ture (including any septic containment sys-
tem) prior to collapse, the remaining 60
percent of the value of the structure and
10 percent of the value of the structure, or
the actual cost of demolition, whichever is
less.
‘‘(3) CLAIM PAYMENT AND COVERAGE LIMITA-
TION REGARDING MITIGATION ACTIVITIES.—With re-
spect to any structure covered by mitigation insur-
ance that is eligible for a claim for imminent erosion
damage described under subsection (f)(2), after the
expiration of the 2-year period beginning on the date
of the certification or condemnation of the structure
under subparagraph (C) of such subsection, the Di-
rector—
‘‘(A) may not pay any amounts for reloca-
tion or demolition activities;
‘‘(B) shall provide for the cancellation of
the mitigation insurance coverage for such
structure;
‘‘(C) shall provide for the flood insurance
coverage under this title to pay, in the event of
any single occasion of flood damage, not more
than 40 percent of the value of the structure
(as the Director shall determine under the pro-
cedure under paragraph (2)(A)) or the actual
damage incurred, whichever is less; and
‘‘(D) shall provide for the cancellation of
the flood insurance coverage for such structure
after the payment for any damages pursuant to
subparagraph (C).
‘‘(4) CLAIM PAYMENT AND COVERAGE LIMITA-
TION
REGARDING
COMMUNITY
PARTICIPATION.—
With respect to any structure covered under a con-
tract for flood insurance under this title that is lo-
cated in a community that has not adopted the ero-
sion management measures under subsection (c),
after the certification or condemnation of the struc-
ture pursuant to subsection (d)(4) the Director
shall—
‘‘(A) provide for a claim under flood insur-
ance coverage under this title, in the event of
any single occasion of flood damage, in an
amount of not more than 40 percent of the
value of the structure (as the Director shall de-
termine under the procedure under paragraph
(2)(A)) or the actual damage incurred, which-
ever is less; and
‘‘(B) provide for the cancellation of the
flood insurance coverage for such structure
after the payment for any damages pursuant to
subparagraph (A).
‘‘(i) MITIGATION INSURANCE PREMIUMS AND SUR-
CHARGES.—
‘‘(1) IN GENERAL.—The Director shall on occa-
sion, after consultation with the advisory committee
under section 1318, appropriate representatives of
the pool formed or otherwise created under section
1331, and appropriate representatives of the insur-
ance authorities of the respective States, prescribe
by regulation under subsection (1)—
‘‘(A) chargeable premium rates for any
types and classes of properties for which miti-
gation insurance coverage shall be available
under this section; and
‘‘(B) the terms and conditions under
which, and the areas (including subdivisions
thereof) within which such rates shall apply.
‘‘(2) SURCHARGES.—The Director shall provide
for surcharges under contracts for flood insurance
under this title for structures described in subsection
(d)(3) and establish rates for such surcharges, in-
cluding rates for surcharges for each of the areas
within the 10-year, 30-year, and 60-year erosion set-
backs established under section 1360(g).
‘‘(3) GENERAL
RATE
CALCULATION.—Mitiga-
tion insurance rates and surcharge rates under this
subsection for each structure shall, insofar as prac-
ticable—
‘‘(A) be based on a consideration of the
number and amount of claims previously paid
under a contract for flood insurance under this
title for the structure;
‘‘(B) be determined for each of the areas
within the 10-year, 30-year, and 60-year ero-
sion setbacks under section 1360(g); and
‘‘(C) provide for discounted rates and sur-
charges for structures—
‘‘(i) for which the date of the con-
struction precedes the date of the estab-
lishment of the relevant erosion hazard
zones under section 1360(g)(1) in which
the structure is located; and
‘‘(ii) for which mitigation activities
under subsection (g)(2)(B)(ii) have been
completed, at a rate that reflects the level
of protection against flood damage af-
forded the structure by such activities.
‘‘(4) ADMINISTRATIVE COSTS.—The rates and
surcharges established by the Director under this
subsection may include any amount for administra-
tive expenses of carrying out the mitigation insur-
ance program under this section as the Director de-
termines necessary, pursuant to consultation as pro-
vided under paragraph (1).
‘‘(j) APPEALS.—The Director shall provide for ap-
peals by owners of structures covered by a contract for
mitigation insurance under this section that are eligible
for a mitigation claim payment, for the purposes of chal-
lenging—
‘‘(1) the eligibility status of the structure under
subsections (e) and (f); and
‘‘(2) the mitigation action selected by the Direc-
tor under subsection (g)(1) or (h)(1).
‘‘(k) REGULATIONS.—The Director shall promulgate
regulations and guidelines to implement the provisions of
this section.’’.
(b) DEFINITIONS.—Section 1370(a) of the National
Flood Insurance Act of 1968 (42 U.S.C. 4121), as amend-
ed by section 102(a) of this Act, is further amended by
adding at the end the following new paragraph:
‘‘(13) the term ‘mitigation insurance’ means
coverage under the national flood insurance program
under this title for flood and erosion damage and
mitigation activities, as provided in section 1306a.’’.
SEC. 404. LIMITATIONS ON FLOOD INSURANCE COVERAGE
IN AREAS OF EXTREME EROSION RISK.
The National Flood Insurance Act of 1968 (42
U.S.C. 4001 et seq.) is amended by inserting after section
1313 the following new section:
‘‘PROPERTIES LOCATED WITHIN 10-YEAR EROSION
SETBACK
‘‘SEC. 1314. After the initial establishment of erosion
setbacks under section 1360(g), the Director may not
make flood insurance available with respect to any new
or substantially improved construction located within the
10-year erosion setback established by the Director under
such section.’’.
SEC. 405. MODIFICATION OF FLOODPLAIN MANAGEMENT
PROVISIONS.
Section 1315 of the National Flood Insurance Act of
1968 (42 U.S.C. 4022), as amended by section 301 of this
Act, is further amended by adding at the end the following
new subsection:
‘‘(c) MODIFICATION OF REQUIREMENT FOR PARTICI-
PATION FOR AREAS NOT ADOPTING EROSION MANAGE-
MENT MEASURES.—After the date of the adoption by a
community of the applicable flood insurance rate map for
the community under section 1360(a)(2), new flood insur-
ance coverage may not be provided under this title in any
area (or subdivision thereof) for which the appropriate
public body has not adopted erosion management meas-
ures in accordance with the requirements of section
1306a(c), unless the appropriate public body shall have
adopted adequate land use and control measures under
subsection (a) that also contain the following require-
ments:
‘‘(1) BUILDING STANDARDS.—Any new or sub-
stantially improved construction located in an ero-
sion hazard zone under section 1360(g)(1) shall
comply with building standards applicable for coastal
high hazard areas.
‘‘(2) BASE FLOOD ELEVATION STANDARDS.—
Any new or substantially improved construction lo-
cated in an erosion hazard zone established by the
Director under section 1360(g)(1) shall comply with
whichever of the following elevation standards af-
fords the greater protection from flood damage:
‘‘(A) The elevation standard (existing at
the time of the construction) affording protec-
tion for the 100-year frequency flood that is ap-
plicable to the area within the 10-year erosion
setback established by the Director under such
subsection.
‘‘(B) The actual elevation standard for the
construction site (existing at the time of con-
struction) affording protection for the 100-year
frequency flood.’’.
SEC. 406. RIVERINE EROSION STUDY.
(a) STUDY.—The Director of the Federal Emergency
Management Agency shall conduct a study to determine
the feasibility of identifying and establishing erosion rates
for communities subject to riverine erosion hazards and
the best manner of identifying and establishing such rates.
Under the study the Director shall—
(1) investigate and assess existing and state-of-
the-art technical methodologies for assessing riverine
erosion;
(2) examine natural riverine processes, environ-
mental conditions, and human-induced changes to
the banks of rivers and streams, examples of erosion
and likely causes, and examples of erosion control
and reasons for their performance; and
(3) analyze riverine erosion management strate-
gies, the technical standards, methods, and data nec-
essary to support such strategies, and methods of
administering such strategies through the national
flood insurance program.
(b) REPORT.—The Director shall submit a report to
the Congress regarding the findings and conclusions of the
study under this section not later than the expiration of
the 2-year period beginning on the date of the enactment
of this Act. The report shall include any recommendations
of the Director regarding appropriate methods and ap-
proaches for identifying and determining riverine erosion
rates and management strategies relating to riverine ero-
sion.
TITLE V—FLOOD INSURANCE
TASK FORCE
SEC. 501. FLOOD INSURANCE INTERAGENCY TASK FORCE.
(a) ESTABLISHMENT.—There is hereby established
an interagency task force to be known as the Flood Insur-
ance Task Force (in this section referred to as the ‘‘Task
Force’’).
(b) MEMBERSHIP.—
(1) IN
GENERAL.—The Task Force shall be
composed of 7 members, who shall be the designees
of—
(A) the Federal Insurance Administrator;
(B) the Federal Housing Commissioner;
(C) the Secretary of Veterans Affairs;
(D) the Administrator of the Farmers
Home Administration;
(E) the Administrator of the Small Busi-
ness Administration;
(F) a designee of the Financial Institutions
Examination Council;
(G) the chairman of the Board of Direc-
tors of the Federal Home Loan Mortgage Cor-
poration;
(H) the chairman of the Board of Direc-
tors of the Federal National Mortgage Associa-
tion;
(I) the Under Secretary of Commerce for
Oceans and Atmosphere;
(J) the Director of the United States Fish
and Wildlife Service; and
(K) the Administrator of the Environ-
mental Protection Agency.
(2) QUALIFICATIONS.—Members of the Task
Force shall be designated for membership on the
Task Force by reason of demonstrated knowledge
and competence regarding the national flood insur-
ance program.
(c) DUTIES.—The Task Force shall carry out the fol-
lowing duties:
(1) Make recommendations to the head of each
Federal agency and corporation referred to under
subsection (b)(1) regarding establishment or adop-
tion of standardized enforcement procedures among
such agencies and corporations responsible for en-
forcing compliance with the requirements under the
national flood insurance program to ensure fullest
possible compliance with such requirements.
(2) Conduct a study of the extent to which Fed-
eral agencies and the secondary mortgage market
can provide assistance in ensuring compliance with
the requirements under the national flood insurance
program and submit to the Congress a report de-
scribing the study and any conclusions.
(3) Conduct a study of the extent to which ex-
isting programs of Federal agencies and corpora-
tions for compliance with the requirements under
the national flood insurance program can serve as a
model for other Federal agencies responsible for en-
forcing compliance, and submit to the Congress a re-
port describing the study and any conclusions.
(4) Develop guidelines regarding enforcement
and compliance procedures, based on the studies and
findings of the Task Force and publishing the guide-
lines in a usable format.
(d) NONCOMPENSATION.—Members of the Task
Force shall receive no additional pay by reason of their
service on the Task Force.
(e) CHAIRPERSON.—The members of the Task Force
shall elect one member as chairperson of the Task Force.
(f) MEETINGS AND ACTION.—The Task Force shall
meet at the call of the chairman or a majority of the mem-
bers of the Task Force and may take action by a vote
of the majority of the members. The Federal Insurance
Administrator shall coordinate and call the initial meeting
of the Task Force.
(g) OFFICERS.—The chairperson of the Task Force
may appoint any officers to carry out the duties of the
Task Force under subsection (c).
(h) STAFF OF FEDERAL AGENCIES.—Upon request
of the chairperson of the Task Force, the head of any of
the Federal agencies and corporations referred to under
subsection (b)(1) may detail, on a nonreimbursable basis,
any of the personnel of such agency to the Task Force
to assist the Task Force in carrying out its duties under
this Act.
(i) POWERS.—In carrying out this section, the Task
Force may hold hearings, sit and act at times and places,
take testimony, receive evidence and assistance, provide
information, and conduct research as the Task Force con-
siders appropriate.
(j) SUBCOMMITTEE ON NATURAL AND BENEFICIAL
FUNCTIONS OF THE FLOODPLAIN.—The members of the
Task Force appointed under subsections (b)(1) (I), (J),
and (K) shall constitute a select subcommittee which, in
addition to their duties under subsection (c), shall make
recommendations regarding the implementation of the
provisions of the National Flood Insurance Compliance,
Mitigation, and Erosion Management Act of 1993 that
deal with protection of the natural and beneficial functions
of the floodplain.
(k) TERMINATION.—The Task Force shall terminate
upon the expiration of the 24-month period beginning
upon the designation of the last member to be designated
under subsection (b)(1).
TITLE VI—MISCELLANEOUS
PROVISIONS
SEC. 
601. 
MAXIMUM 
FLOOD 
INSURANCE 
COVERAGE
AMOUNTS.
(a) IN GENERAL.—Section 1306(b) of the National
Flood Insurance Act of 1968 (42 U.S.C. 4013(b)) is
amended—
(1) in paragraph (1)(A)—
(A) by inserting ‘‘and’’ after the comma at
the end of clause (i);
(B) by striking ‘‘, and’’ at the end of
clause (ii) and inserting ‘‘; and’’; and
(C) by striking clause (iii);
(2) by striking subparagraph (B) of paragraph
(1) and inserting the following new subparagraph:
‘‘(B) in the case of any nonresidential
property, including churches—
‘‘(i) $100,000 aggregate liability for
each structure, and
‘‘(ii) $100,000 aggregate liability for
any contents related to each structure;’’;
(3) by striking subparagraph (C) of paragraph
(1);
(4) in paragraph (2), by striking ‘‘so as to en-
able’’ and all that follows through the end of the
paragraph and inserting ‘‘up to an amount, includ-
ing the limits specified in clause (i) of subparagraph
(A) of paragraph (1), of $250,000 multiplied by the
number of dwelling units in the building;’’;
(5) in paragraph (3), by striking ‘‘so as to en-
able’’ and all that follows through the end of the
paragraph and inserting ‘‘up to an amount of
$90,000 for any single-family dwelling and $240,000
for any residential structure containing more than
one dwelling unit;’’; and
(6) by striking paragraph (4) and inserting the
following new paragraph:
‘‘(4) in the case of any nonresidential property,
including churches, additional flood insurance in ex-
cess of the limits specified in clauses (i) and (ii) of
subparagraph (B) of paragraph (1) shall be made
available to every insured upon renewal and every
applicant for insurance up to an amount of
$2,400,000 for each structure and $2,400,000 for
any contents related to each structure; and’’.
(b) REMOVAL
OF
CEILING
ON
COVERAGE
RE-
QUIRED.—Section 1306(b) of the National Flood Insur-
ance Act of 1968 (42 U.S.C. 4013(b)) is amended—
(1) in paragraph (5), by striking ‘‘; and’’ at the
end and inserting a period; and
(2) by striking paragraph (6).
(c) 
CONFORMING
AMENDMENTS.—Section
1306(b)(5) of the National Flood Insurance Act of 1968
(42 U.S.C. 4013(b)(5)) is amended—
(1) by striking ‘‘(A), (B), or (C)’’ and inserting
‘‘(A) or (B)’’; and
(2) by striking ‘‘(1)(C)’’.
SEC. 602. FLOOD INSURANCE PROGRAM ARRANGEMENTS
WITH PRIVATE INSURANCE ENTITIES.
Section 1345(b) of the National Flood Insurance Act
of 1968 (42 U.S.C. 4081(b)) is amended by striking the
period at the end and inserting the following: ‘‘and without
regard to the provisions of the Federal Advisory Commit-
tee Act (5 U.S.C. App.).’’.
SEC. 603. UPDATING OF FLOOD MAPS AND ASSESSMENT
AND MAPPING OF EROSION HAZARD ZONES.
Section 1360 of the National Flood Insurance Act of
1968 (42 U.S.C. 4101) is amended by adding at the end
the following new subsections:
‘‘(e) Once during each 5-year period (the 1st such
period beginning on the date of the enactment of the Na-
tional Flood Insurance Compliance, Mitigation, and Ero-
sion Management Act of 1993) or more often as the Direc-
tor determines necessary because of storm-induced ero-
sion, increased watershed development, or other extraor-
dinary situations, the Director shall assess the need to re-
vise and update all floodplain areas and flood risk zones
identified, delineated, or established under this section.
‘‘(f) The Director shall revise and update any flood-
plain areas and flood-risk zones—
‘‘(1) upon the determination of the Director,
according to the assessment under subsection (e),
that revision and updating are necessary for the
areas and zones; or
‘‘(2) upon the request from any State or local
government stating that specific floodplain areas or
flood-risk zones in the State or locality need revision
or updating, if sufficient technical data justifying
the request is submitted and the unit of government
making the request agrees to provide funds in an
amount equal to the amount of funds provided by
the Director (or the equivalent value of data, tech-
nical analysis, or other in-kind services) for the re-
quested revision or update.
‘‘(g)(1) Not later than the expiration of the 6-year
period beginning on the date of the enactment of the Na-
tional Flood Insurance Compliance, Mitigation, and Ero-
sion Management Act of 1993, the Director shall assess,
identify, and map, before all areas along the shorelines
of the Great Lakes and the tidal waters of the United
States that have special erosion hazards (in this section
referred to as ‘erosion hazard zones’), as provided in this
subsection.
‘‘(2) On each flood insurance rate map established
under this section, the Director shall identify and provide
legible demarcation for areas that are subject to special
erosion hazards within a 60-year period based on past an-
nual average rates of shoreline retreat in such areas (in
this section referred to as the ‘60-year erosion setback’).
‘‘(3) On each flood insurance rate map established
under this section, the Director shall provide information
by area regarding the existing annual average rate of ero-
sion for each area, so that users of the maps can delineate
boundaries for areas subject to erosion within 10 years
(in this section referred to as the ‘10-year erosion set-
back’) and within 30 years (in this section referred to as
the ‘30-year erosion setback’).
‘‘(4) The Director shall provide for revising and up-
dating erosion hazard zones as frequently as the Director
determines to be necessary for purposes of this title. In
revising the geographical boundaries of erosion hazard
zones, the Director shall place special emphasis on consid-
ering—
‘‘(A) the 10-year erosion setback, based on the
past annual average rates of shoreline and coastline
retreat in such areas;
‘‘(B) areas (or subdivisions thereof) that are ex-
periencing or have recently experienced erosion rates
in excess of the annual average erosion rate, due to
storms, high lake levels, or other factors; and
‘‘(C) areas where erosion control measures have
been implemented or erosion rates have been other-
wise significantly altered by manmade or induced ac-
tivity.’’.
SEC. 604. FUNDING FOR INCREASED ADMINISTRATIVE AND
OPERATIONAL RESPONSIBILITIES.
(a) AVAILABILITY OF FUND.—Section 1310(a) of the
National Flood Insurance Act of 1968 (42 U.S.C.
4017(a)), as amended by section 302 of this Act, is
amended—
(1) in the matter preceding paragraph (1), by
inserting ‘‘(except as otherwise provided)’’ after
‘‘without fiscal year limitation’’; and
(2) by adding at the end the following new
paragraphs:
‘‘(7) for administrative costs necessary to de-
velop and service the program for mitigation insur-
ance under section 1306a, including costs necessary
to provide technical assistance in determining and
monitoring the appropriate mitigation action for
structures under such section;
‘‘(8) for assessment and mapping of erosion
hazard zones under section 1360(g), except that the
fund shall be available for the purpose under this
paragraph in an amount not to exceed an aggregate
of $25,000,000 over the 6-year period beginning on
the date of the enactment of the National Flood In-
surance Compliance, Mitigation, and Erosion Man-
agement Act of 1993; and
‘‘(9) for the revision and updating of erosion
hazard zones under section 1360(g)(4), except that
the fund shall be available for the purpose under
this paragraph in an amount not to exceed
$2,000,000 in each fiscal year beginning after the
expiration of the 6-year period beginning on the date
of the enactment of the National Flood Insurance
Compliance, Mitigation, and Erosion Management
Act of 1993.’’.
(b) CREDITS OF FUND.—Section 1310(b) of the Na-
tional Flood Insurance Act of 1968 (42 U.S.C. 4017(b))
is amended—
(1) in paragraph (5), by striking ‘‘and’’ at the
end;
(2) by redesignating paragraph (6) as para-
graph (7); and
(3) by inserting after paragraph (5) the follow-
ing new paragraph:
‘‘(6) any penalties collected under section
102(e) of the Flood Disaster Protection Act of
1973.’’.
SEC. 605. REGULATIONS.
The Director of the Federal Emergency Management
Agency, the Secretary of Housing and Urban Develop-
ment, and any appropriate head of any Federal agency
may each issue any regulations necessary to carry out the
applicable provisions of this Act and the applicable amend-
ments made by this Act.
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