the WHITE HOUSEPresident Barack Obama

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The White House
Office of the Press Secretary
For Immediate Release

Presidential Memorandum -- National Flood Insurance Program

MEMORANDUM FOR THE SECRETARY OF HOMELAND SECURITY

SUBJECT: National Flood Insurance Program

I have reviewed your request for approval to issue notes to the Secretary of the Treasury in excess of $20.725 billion, but not to exceed $30.425 billion, for the National Flood Insurance Program and am hereby granting approval for you to do so.

BARACK OBAMA