42 U.S.C. § 4027 — Biennial report to President

Page 6043 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 4027a ‘‘(a) Sections 1309(a) and 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4016(a) and 4026) shall be applied by substituting the date specified in section 106(3) of this Act [Dec. 20, 2024] for ‘September 30, 2023’. ‘‘(b)(1) Subject to paragraph (2), this section shall be- come effective immediately upon enactment of this Act [div. A of Pub. L. 118–83, approved Sept. 26, 2024]. ‘‘(2) If this Act is enacted after September 30, 2024, this section shall be applied as if it were in effect on September 30, 2024.’’ Pub. L. 118–47, div. G, title I, § 101(b), Mar. 23, 2024, 138 Stat. 856, provided that: ‘‘Sections [sic] 1319 of the Na- tional Flood Insurance Act of 1968 (42 U.S.C. 4026) shall be applied by substituting ‘September 30, 2024’ for ‘Sep- tember 30, 2023’.’’ [Section 101(b) of div. G of Pub. L. 118–47, set out above, to take effect as if enacted on Sept. 30, 2023, see section 101(c) of div. G of Pub. L. 118–47, set out as an Extension of Limitation on Financing Provisions note under section 4016 of this title.] Pub. L. 116–94, div. I, title II, § 201, Dec. 20, 2019, 133 Stat. 3019, provided that: ‘‘Sections 1309(a) and 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4016(a) and 4026) shall be applied by substituting ‘Sep- tember 30, 2020’ for ‘September 30, 2019’.’’ Pub. L. 115–141, div. M, title III, § 301, Mar. 23, 2018, 132 Stat. 1049, provided that: ‘‘Sections 1309(a) and 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4016(a) and 4026) shall be applied by substituting ‘July 31, 2018’ for ‘September 30, 2017’.’’ Pub. L. 110–329, div. A, § 145, Sept. 30, 2008, 122 Stat. 3581, as amended by Pub. L. 111–8, div. J, § 101, Mar. 11, 2009, 123 Stat. 988, provided that sections 1309(a) and 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4016(a) and 4026) should each be applied by sub- stituting ‘‘September 30, 2009’’ for ‘‘September 30, 2008’’. Pub. L. 105–64, Oct. 23, 1997, 111 Stat. 1343, provided that the provision amended by section 118 of Pub. L. 105–46 (see 1997 Amendment note above) should be ap- plied as if ‘‘November 7, 1997’’ was substituted for ‘‘Oc- tober 23, 1997’’. § 4027. Biennial report to President (a) In general The Administrator shall biennially submit a report of operations under this chapter to the President for submission to the Congress. (b) Effects of flood insurance program The Administrator shall include, as part of the biennial report submitted under subsection (a), a chapter reporting on the effects on the flood insurance program observed through implemen- tation of requirements under the Riegle Commu- nity Development and Regulatory Improvement Act of 1994. (Pub. L. 90–448, title XIII, § 1320, Aug. 1, 1968, 82 Stat. 581; Pub. L. 96–470, title II, § 205(b), Oct. 19, 1980, 94 Stat. 2244; Pub. L. 98–181, title I [title IV, § 451(d)(1)], Nov. 30, 1983, 97 Stat. 1229; Pub. L. 103–325, title V, § 581, Sept. 23, 1994, 108 Stat. 2286; Pub. L. 112–141, div. F, title II, § 100238(b)(1), July 6, 2012, 126 Stat. 958.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in subsec. (a), was in the original a reference to ‘‘this title’’ meaning title XIII of Pub. L. 90–448, Aug. 1, 1968, 82 Stat. 572, known as the National Flood Insurance Act of 1968, which is classi- fied principally to this chapter. For complete classi- fication of this Act to the Code, see Short Title note set out under section 4001 of this title and Tables. The Riegle Community Development and Regulatory Improvement Act of 1994, referred to in subsec. (b), is Pub. L. 103–325, Sept. 23, 1994, 108 Stat. 2160. For com- plete classification of this Act to the Code, see Short Title note set out under section 4701 of Title 12, Banks and Banking, and Tables. AMENDMENTS 2012—Pub. L. 112–141 substituted ‘‘Administrator’’ for ‘‘Director’’ in subsecs. (a) and (b). 1994—Pub. L. 103–325 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b). 1983—Pub. L. 98–181 substituted ‘‘Director’’ for ‘‘Sec- retary’’. 1980—Pub. L. 96–470 substituted ‘‘biennially submit’’ for ‘‘include’’ and struck out ‘‘in the annual report’’ after ‘‘under this chapter’’ and ‘‘required by section 3536 of this title’’ after ‘‘the Congress’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective 120 days following Aug. 1, 1968, or such later date prescribed by the Secretary but in no event more than 180 days following Aug. 1, 1968, see sec- tion 1377 of Pub. L. 90–448, set out as a note under sec- tion 4001 of this title. TRANSFER OF FUNCTIONS For transfer of all functions, personnel, assets, com- ponents, authorities, grant programs, and liabilities of the Federal Emergency Management Agency, including the functions of the Under Secretary for Federal Emer- gency Management relating thereto, to the Federal Emergency Management Agency, see section 315(a)(1) of Title 6, Domestic Security. For transfer of functions, personnel, assets, and li- abilities of the Federal Emergency Management Agen- cy, including the functions of the Director of the Fed- eral Emergency Management Agency relating thereto, to the Secretary of Homeland Security, and for treat- ment of related references, see former section 313(1) and sections 551(d), 552(d), and 557 of Title 6, Domestic Secu- rity, and the Department of Homeland Security Reor- ganization Plan of November 25, 2002, as modified, set out as a note under section 542 of Title 6. § 4027a. Report of the Administrator on activities under the National Flood Insurance Program (1) In general The Administrator shall, on an annual basis, submit a full report on the operations, activi- ties, budget, receipts, and expenditures of the National Flood Insurance Program for the pre- ceding 12-month period to the Committee on Banking, Housing, and Urban Affairs of the Sen- ate and the Committee on Financial Services of the House of Representatives. (2) Timing Each report required under paragraph (1) shall be submitted to the committees described in paragraph (1) not later than 3 months following the end of each fiscal year. (3) Contents Each report required under paragraph (1) shall include— (A) the current financial condition and in- come statement of the National Flood Insur- ance Fund established under section 4017 of this title, including— (i) premiums paid into such Fund; (ii) policy claims against such Fund; and (iii) expenses in administering such Fund; (B) the number and face value of all policies issued under the National Flood Insurance Program that are in force;