On the recordJune 25, 2012
on behalf of Senator Pryor, there is a first-degree amendment at the desk. The PRESIDING OFFICER. The clerk will report. The assistant legislative clerk read as follows: The Senator from Nevada [Mr. Reid], for Mr. Pryor, for himself and Mr. Hoeven, proposes an amendment numbered 2469 to amendment No. 2468. The amendment is as follows: (Purpose: To require the Government Accountability Office to study the effect of applying the mandatory purchase requirements to areas of residual risk, and to require the Administrator to study voluntary community-based flood insurance options) Strike section 107 and insert the following: SEC. 107. AREAS OF RESIDUAL RISK. (a) Areas of Residual Risk.-- (1) Definition.--Not later than 18 months after the date of enactment of this Act, the Administrator, in consultation with the Technical Mapping Advisory Council established under section 117, shall establish a definition of the term ``area of residual risk'', for purposes of the National Flood Insurance Program, that is limited to areas that are not areas having special flood hazards. (2) This section.--In this section, the term ``area of residual risk'' has the meaning established by the Administrator under paragraph (1).…





