National Flood Insurance Reform Act of 1994.

RIEGLE COMMUNITY DEVELOPMENT ACT

Subtitle F - Miscellaneous Provisions

581. Implementation Review By Director

Section 1320 of the National Flood Insurance Act of 1968 (42 U.S.C. 4027) is amended-

(1) by striking “The Director” and inserting “(a) IN GENERAL.-- The Director”; and

(2) by adding at the end the following new subsection:

"(b) EFFECTS OF FLOOD INSURANCE PROGRAM.-- The Director 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 implementation of requirements under the Riegle Community Development and Regulatory Improvement Act of 1994.".