Congress passes two-week extension of National Flood Insurance Program
National Flood Insurance program extension act This bill amends the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program through May 31, 2019. The bill shall take effect as if it had been enacted on December 7, 2018.
The House of Representatives instead passed a two week extension of the NFIP to allow insurers to continue issuing federal flood policies. This extension will be effective until June 14, 2019. The decision to extend reauthorization comes just as the U.S. prepares for the summer hurricane season. In January, the NFIP was forced to halt writing and renewing policies when the government shut down due to a budgetary standoff in Congress.
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National Flood Insurance Program has been given a two week extension. #NFIP National Association of Realtors® President John Smaby commended Congress for passing a two week extension for the National Flood Insurance Program.
Congress is under pressure to overhaul the National Flood Insurance Program amid cost and coverage concerns, but has been unable to secure permanent reauthorization of the program.
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Just short of the program’s expiration, Congress passed a one-week reauthorization of the National Flood Insurance Program (NFIP). The move is aimed to give lawmakers some additional breathing room as they look to adopt another short-term extension of the program that will move debate over the program’s future and necessary reforms to 2019.
Congress passes two-week extension of National flood insurance program house passes long-term reauthorization of National Flood Insurance Program Kelsey Ramrez is an Associate Editor at HousingWire.
News Congress extends National Flood Insurance Program (NFIP) by two weeks Congress extended the National Flood Insurance Program through June 14, preventing the federal initiative from expiring.
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WASHINGTON – The National Association of Professional Insurance Agents (PIA National) is pleased that the House passed by unanimous consent S. 1693, a bill to extend the National Flood Insurance Program (NFIP) for a two-week period ending on June 14.The NFIP currently scheduled to expire at midnight tomorrow, May 31.
WASHINGTON – Congress passed a one-week extension to the National Flood Insurance Program Thursday night to avoid a lapse in coverage, just a day before the program is set to expire. Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader legislation to reform the program and extend it further.