To extend the National Flood Insurance Program through December 31, 2026.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill extends the National Flood Insurance Program (NFIP) for three years, through December 31, 2026. The NFIP provides flood insurance to homeowners and businesses in participating communities. By extending the program, the bill ensures continued coverage for those at risk of flooding. It modifies the program’s funding and expiration dates to align with the new timeframe.
Key provisions
- Extends the National Flood Insurance Program's authorization date to December 31, 2026.
- Amends the program's financing provisions to extend the funding period.
- Amends the program's expiration date to extend the program's lifespan.
Who is affected
- Homeowners
- Businesses
- Flood insurance policyholders
- Communities participating in the NFIP
Notable changes
- Changes the program's funding expiration date from September 30, 2023, to December 31, 2026.
- Changes the program's overall expiration date from September 30, 2023, to December 31, 2026.
Fiscal impact
The bill’s extension of the NFIP is expected to have a negligible impact on the federal budget.
Bill text
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Sponsors
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8 on record
Primary sponsor
Cosponsors
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