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Congress Extends NFIP to November 18

The House of Representatives has passed legislation that includes a provision extending the National Flood Insurance Program until November 18. The provision which includes the...
October 5, 2011

The House of Representatives has passed legislation that includes a provision extending the National Flood Insurance Program until November 18. The provision which includes the NFIP extension passed on a vote of 352-66.

"These repetitive short-term reauthorizations, while preferable to allowing the flood insurance program to lapse, must not be allowed to detract from the goal of enacting reform legislation which provides the certainty of a full five-year reauthorization," said Mike Becker, assistant vice president of federal affairs for PIA National. "Such a bill has already passed in the House on an overwhelming, bipartisan vote. A consensus has already been reached on how to proceed with NFIP reform and reauthorization. What remains is to work out some comparatively minor details."

"A parade of short term extensions will not get the job done," Becker said. "It is absolutely imperative that Congress wisely use the time between now and November 18 to resolve any remaining differences and pass the flood bill. This year has been a record-setting year for disasters. The federal government issued 85 disaster declarations as of September 30, breaking the previous annual U.S. record total of 81 set just last year and we still have two months to go in the hurricane season."

The House has passed its long-term extension, H.R. 1309, the "Flood Insurance Reform Act of 2011. The Senate bill, "The Flood Insurance Reform and Modernization Act," passed the Banking Committee Sept. 8 and is awaiting floor action.
 
See FEMA's guidance on a NFIP lapse: FEMA Issues Guidance in the Event an NFIP Lapse Occurs (FEMA 9/15/2011)
 
Read the entire article on the extension of NFIP: House Comes Through With NFIP Extension (National Underwriter 10/4/2011)

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