IMPLEMENTATION REVIEW BY DIRECTOR.

SEC. 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.”.