Extending the National Flood Insurance Program
By a vote of 86-12, the united states senate voted tuesday to extend the National Flood Insurance Program (NFIP) until November 30. The program’s funding was otherwise set to expire at midnight.
Homeowners in flood-prone areas will continue to receive coverage after president donald trump signed the National Flood Insurance Program extension bill on Saturday. The House and Senate voted favorably on the bipartisan measure Friday, extending the program for five million recipients through May 31, 2019.
· CLOSE. Congress faces a July 31 deadline to extend the National Flood Insurance Program or the agency that runs it, the federal emergency management agency, will not be able to issue new policies and home sales in flood-prone areas could be frozen.
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The endless extensions of the National Flood Insurance Program continue, without addressing reform needed for the program to become sustainable.
· The U.S. Congress must extend and eventually fix the National Flood Insurance Program. The program, which has seen numerous short-term extensions over recent years, is in.
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Congress must periodically renew the NFIP’s statutory authority to operate. On June 6, 2019, the President signed legislation passed by Congress that extends the National Flood Insurance Program’s (NFIP’s) authorization to September 30, 2019.Congress must now reauthorize the NFIP by no later than 11:59 pm on September 30, 2019.
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WASHINGTON (AP) – The Senate voted Tuesday to extend for four months the program that provides. into law just hours before the program was set to expire. The National Flood Insurance program owes.
The National Flood Insurance Program aims to reduce the impact of flooding on private and public structures. It does so by providing affordable insurance to property owners, renters and businesses and by encouraging communities to adopt and enforce floodplain management regulations.
President Donald Trump last Friday signed legislation reauthorizing the National Flood Insurance Program until Dec. 8, 2017, which buys more time for Congress to consider reforms of the program.