42 U.S.C. § 4016

Editorial Notes

References in Text

section 1303 of Pub. L. 90–448section 2414(e) of this titleSection 1303 of this Act, referred to in subsec. (a), means , which amended .

Pub. L. 90–448Aug. 1, 196882 Stat. 572section 4001 of this titleThis chapter, referred to in subsec. (a), was in the original a reference to “this title” meaning title XIII of , , , known as the National Flood Insurance Act of 1968, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Amendments

Pub. L. 117–328September 30, 2023September 30, 20222022—Subsec. (a). substituted “” for “”.

Pub. L. 117–103September 30, 2022September 30, 2021 substituted “” for “”.

Pub. L. 116–159September 30, 2021September 30, 20192020—Subsec. (a). substituted “” for “”.

Pub. L. 116–20September 30, 2019June 14, 20192019—Subsec. (a). substituted “” for “”.

Pub. L. 116–19June 14, 2019May 31, 2019 substituted “” for “”.

Pub. L. 115–396May 31, 2019December 7, 20182018—Subsec. (a). substituted “” for “”.

Pub. L. 115–281December 7, 2018November 30, 2018 substituted “” for “”.

Pub. L. 115–225November 30, 2018September 30, 2017 substituted “” for “”.

Pub. L. 113–12013—Subsec. (a). substituted “$30,425,000,000” for “$20,725,000,000”.

Pub. L. 112–141, § 100238(b)(1)2012—Subsec. (a). , substituted “Administrator” for “Director” wherever appearing.

Pub. L. 112–141, § 100203(a)September 30, 2017July 31, 2012, substituted “” for “”.

Pub. L. 112–123July 31, 2012May 31, 2012 substituted “” for “the earlier of the date of the enactment into law of an Act that specifically amends the date specified in this section or ”.

Pub. L. 112–141, § 100238(b)(1)Subsec. (b). , substituted “Administrator” for “Director”.

Pub. L. 112–141, § 100213(a)Subsecs. (c), (d). , added subsecs. (c) and (d).

Pub. L. 112–74May 31, 2012September 30, 20112011—Subsec. (a). substituted “the earlier of the date of the enactment into law of an Act that specifically amends the date specified in this section or ” for “”.

Pub. L. 111–250September 30, 2011September 30, 20102010—Subsec. (a). substituted “” for “”.

Pub. L. 111–196September 30, 2010September 30, 2008 substituted “” for “” and “$20,725,000,000” for “$20,775,000,000”.

Pub. L. 109–2082006—Subsec. (a). substituted “$20,775,000,000” for “$18,500,000,000” in first sentence.

Pub. L. 109–1062005—Subsec. (a). substituted “$18,500,000,000” for “$3,500,000,000” in first sentence.

Pub. L. 109–65September 30, 2008 inserted “; except that, through , clause (2) of this sentence shall be applied by substituting ‘$3,500,000,000’ for ‘$1,500,000,000’ ” before period at end of first sentence.

Pub. L. 108–264, § 101(a)section 4026 of this titlePub. L. 108–1712004—Subsec. (a). , which directed amendment of first sentence of subsec. (a) by substituting “through the date specified in , and” for “ ‘through December’ and all that follows through ‘, and’ ”, could not be executed because the language to be struck out did not appear subsequent to amendment by . See 2003 Amendment note below.

Pub. L. 108–199Pub. L. 108–171 made amendment identical to that made by . See 2003 Amendment note below.

Pub. L. 108–171section 4026 of this titleDecember 31, 20032003—Subsec. (a)(2). substituted “the date specified in ” for “”.

Pub. L. 108–3December 31, 2003December 31, 2002 substituted “” for “”.

Pub. L. 107–732001—Subsec. (a)(2). substituted “2002” for “2001”.

Pub. L. 106–377December 31, 2001September 30, 20002000—Subsec. (a)(2). substituted “” for “”.

Pub. L. 106–741999—Subsec. (a)(2). , which directed substitution of “2000” for “1999” in section “1309(a)(2) of the National Flood Insurance Act”, was executed to subsec. (a)(2) of this section, which is section 1309 of the National Flood Insurance Act of 1968, to reflect the probable intent of Congress.

Pub. L. 105–2761998—Subsec. (a)(2). , which directed substitution of “1999” for “1998” in section “1309(a)(2) of the National Flood Insurance Act”, was executed by making the substitution in subsec. (a)(2) of this section, which is section 1309 of the National Flood Insurance Act of 1968, to reflect the probable intent of Congress.

Pub. L. 105–651997—Subsec. (a)(2). , which directed substitution of “1998” for “1997” in section “1309(a)(2) of the National Flood Insurance Act”, was executed by making the substitution in subsec. (a)(2) of this section, which is section 1309 of the National Flood Insurance Act of 1968, to reflect the probable intent of Congress.

Pub. L. 104–208September 30, 19971996—Subsec. (a)(2). substituted “$1,500,000,000 through , and $1,000,000,000 thereafter” for “$1,000,000,000”.

Pub. L. 98–4791984—Subsec. (a). substituted “, Finance and Urban Affairs” for “and Currency” and inserted a comma after “Housing” in last sentence.

Pub. L. 98–1811983— substituted “Director” for “Secretary” wherever appearing.

Pub. L. 93–234section 2414(e) of this title1973—Subsec. (a). substituted provisions respecting issuance of notes and obligation for $500,000,000 without approval of President and for $1,000,000,000 with approval of President, for former provision prescribing a $250,000,000 limitation, struck out provision rescinding authority of Secretary to issue notes and obligations under , and provided for report to Congressional Committees when the approval of the President is requested.

Statutory Notes and Related Subsidiaries

Change of Name

section 612(f)(2) of Pub. L. 109–295section 313 of Title 6Reference to the Director of the Federal Emergency Management Agency in any law, rule, regulation, certificate, directive, instruction, or other official paper, considered to refer and apply to the Administrator of the Federal Emergency Management Agency, see , set out as a note under , Domestic Security.

section 1(a) of Pub. L. 104–14section 21 of Title 2Jan. 3, 2001Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Committee on Banking and Financial Services of House of Representatives by , set out as a note preceding , The Congress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Representatives, and jurisdiction over matters relating to securities and exchanges and insurance generally transferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, .

Effective Date of 2022 Amendment

Pub. L. 117–328, div. AA, title IX, § 901(c)Dec. 29, 2022136 Stat. 5551

Effective Date of 2020 Amendment

Pub. L. 116–159, div. A, § 146(c)Oct. 1, 2020134 Stat. 718

Effective Date of 2019 Amendment

Pub. L. 116–20, title XII, § 1207(c)June 6, 2019133 Stat. 901

Pub. L. 116–19, § 2(c)May 31, 2019133 Stat. 870

Effective Date of 2018 Amendment

Pub. L. 115–396, § 2(c)Dec. 21, 2018132 Stat. 5296

Effective Date of 2010 Amendment

Pub. L. 111–196, § 2(c)July 2, 2010124 Stat. 1352

Effective Date of 2004 Amendment

Pub. L. 108–199, div. H, § 136(b)Jan. 23, 2004118 Stat. 442

Effective Date of 2003 Amendments

Pub. L. 108–171, § 2(b)Dec. 6, 2003117 Stat. 2064

Pub. L. 108–3, § 2(b)Jan. 13, 2003117 Stat. 7

Effective Date

Aug. 1, 1968Aug. 1, 1968section 1377 of Pub. L. 90–448section 4001 of this titleSection effective 120 days following , or such later date prescribed by the Secretary but in no event more than 180 days following , see , set out as a note under .

Transfer of Functions

section 315(a)(1) of Title 6For transfer of all functions, personnel, assets, components, authorities, grant programs, and liabilities of the Federal Emergency Management Agency, including the functions of the Under Secretary for Federal Emergency Management relating thereto, to the Federal Emergency Management Agency, see , Domestic Security.

November 25, 2002section 542 of Title 6For transfer of functions, personnel, assets, and liabilities of the Federal Emergency Management Agency, including the functions of the Director of the Federal Emergency Management Agency relating thereto, to the Secretary of Homeland Security, and for treatment of related references, see former section 313(1) and sections 551(d), 552(d), and 557 of Title 6, Domestic Security, and the Department of Homeland Security Reorganization Plan of , as modified, set out as a note under .

Pub. L. 89–174, § 5(a)Sept. 9, 196579 Stat. 669section 3534(a) of this titlesection 3531 of this titleFunctions of Housing and Home Finance Agency and head thereof transferred to Secretary of Housing and Urban Development by , , , which is classified to . Section 9(c) of such act, set out as a note under , provides that references to Housing and Home Finance Agency or to any agency or officer therein are to be deemed to mean Secretary of Housing and Urban Development and that Housing and Home Finance Agency has lapsed.

Extension of Limitation on Financing Provisions

Pub. L. 118–47, div. G, title I, § 101(a)Mar. 23, 2024138 Stat. 856

Pub. L. 118–47, div. G, title I, § 101(c)Mar. 23, 2024138 Stat. 856

section 4026 of this titleFor nonamendatory provisions extending both the limitation on financing provisions in subsec. (a) of this section and the National Flood Insurance Program generally, see Extension of Program notes under .

Executive Documents

Transfer of Functions

June 19, 197892 Stat. 3788section 2201 of Title 15Apr. 1, 1979Mar. 31, 1979section 2201 of Title 15Functions vested in Secretary of Housing and Urban Development pursuant to this chapter transferred to Director of Federal Emergency Management Agency pursuant to Reorg. Plan No. 3 of 1978, § 202, , 43 F.R. 41944, , set out as a note under , Commerce and Trade, effective , as provided by Ex. Ord. No. 12127, , 44 F.R. 19367, set out as a note under .