,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cicf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #c1 #bjag,ms4 
,max9e ,wat]s ( ,cali=nia 7= h]self &   
,mr4 ,capuano7 introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices1 & 9 addition to !   
,committee on ! ,budget1 = a p]iod to be
 subsequ5tly det]m9$ by ! ,speak]1 9 ea*
 case = consid]ation ( su* provisions z 
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to =give !         
indebt$ness ( ! ,national ,flood        
,insurance ,program1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,national ,flood ,insurance ,program  
,debt ,=giv5ess ,act ( #bjag4  #b4      
,=giv5ess ( flood insurance program debt
  7a7 ,=giv5ess ,not)/&+ any o!r        
provision ( law1 all indebt$ness ( !    
,adm9i/rator ( ! ,f$]al ,em]g5cy        
,managem5t ,ag5cy "u any notes or o!r   
obligations issu$ pursuant to section   
#acji7;a7 ( ! ,national ,flood          
,insurance ,act ( #aifh 7#db ,u4,s4,c4  

#djaf7;a77 & section #ae7;e7 ( ! ,f$]al 
,insurance ,act ( #aief 7#db ,u4,s4,c4  
#bdad7;e771 & out/&+ z ( ,septemb] #cj1 
#bjaf1 is h]eby cancel$1 ! ,adm9i/rator 
& ! ,national ,flood ,insurance ,fund   
are reliev$ ( all liability to !        
,secret>y ( ! ,treasury "u any su* notes
 or o!r obligations1 includ+ = any      
int]e/ due "u su* notes & any o!r fees &
 *>ges payable 9 connection ) su* notes1
 & ! total am\nt ( notes & obligations  
issu$ by ! ,adm9i/rator pursuant to su* 
section %all be consid]$ to be r$uc$ by 
su* am\nt = purposes ( ! limitation on  
su* total am\nt "u su* section4  7b7    
,treatm5t ( cancel$ debt ,! am\nt ( !   
indebt$ness cancel$ "u subsection 7a7-- 
7#a7 may be treat$ z a public debt ( !  
,unit$ ,/ates2 &  7#b7 is designat$ z an
 em]g5cy pursuant to section #d7;g7 ( ! 
,/atutory ,pay-,z-,y-,g ,act ( #bjaj 7#b
 ,u4,s4,c4 #icc7;g774