,,ii #aaith ,,congress #ast ,session ,s4 #caea ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #f1 #bjbe ,mr4 ,cassidy introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to amend the ,national ,flood ,insurance ,act of #aifh to provide for the automatic contingent extension of the ,national ,flood ,insurance ,program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,national ,flood ,insurance ,program ,automatic ,extension ,act of #bjbe4 #b4 ,contingent extension of the ,national ,flood ,insurance ,program ,section #acai of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djbf7 is amended to read as follows3 #acai4 ,program expiration and contingent extension 7a7 ,definitions ,in this section3 7#a7 ,terminal fiscal year ,the term terminal fiscal year means the fiscal year in which the termination date occurs4 7#b7 ,termination date ,the term termination date means the later of-- 7,a7 the date described in subsection 7b72 or 7,b7 the date that is deemed to apply in lieu of the date described in subsection 7b7 by the operation of any other ,act4 7b7 ,expiration ,no new contract for flood insurance under this title shall be entered into after ,september #cj1 #bjbc4 7c7 ,automatic extension 7#a7 ,in general ,the authorities described in paragraph 7#b7 shall be automatically extended until the last day of the fiscal year following the terminal fiscal year1 unless1 before the termination date1 a duly enacted law of the ,united ,states extends or repeals such an authority4 7#b7 ,authorities described ,the authorities described in this paragraph are authorities under this title for the ,administrator to do the following3 7,a7 ,enter into1 issue1 or renew contracts for flood insurance4 7,b7 ,continue in force existing flood insurance coverage4 7,c7 ,pay claims1 service policies 7including through participating insurers71 and carry out related administrative and operational functions4 7,d7 ,otherwise operate the national flood insurance program4 7d7 ,terms and limitations during extension 7#a7 ,in general ,any limitation on the authority of the ,administrator under this title that is tied to a specific calendar date1 including any limitation on the aggregate amount of notes or other obligations that may be issued under section #acji1 shall1 during a period of automatic extension under subsection 7c71 apply at the same dollar amounts1 rates1 terms1 and conditions that were in effect1 as of the day before the termination date4 7#b7 ,funding availability ,any authorization of appropriations or other funding availability under this title that would otherwise expire on the termination date shall1 during a period of automatic extension under subsection 7c71 be available at the same level and under the same terms and conditions that were in effect1 as of the day before the termination date4 7e7 ,explicit statutory sunsets not extended ,subsection 7c7 may not be construed to extend to any pilot program1 demonstration program1 study1 task force1 commission1 council1 or committee under this title that is expressly required by statute to terminate on a specific calendar date1 notwithstanding any other provision of law4 7f7 ,rule of construction ,nothing in this section may be construed to impair any flood insurance contract lawfully in effect1 as of the day before the date of enactment of this section1 or the obligation of the ,united ,states with respect to any such contract4 7g7 ,retroactive effective date ,this section shall take effect as if enacted on ,september #cj1 #bjbe4 4