You are here:HomeIssuesFlood Insurance2011Does Widespread Support for the NFIP Bill Herald More Comity in Congress?

Does Widespread Support for the NFIP Bill Herald More Comity in Congress?

Is the widespread support for legislation to extend and reform the National Flood Insurance Program (NFIP) a harbinger for less acrimony and more compromise in...
August 3, 2011

Is the widespread support for legislation to extend and reform the National Flood Insurance Program (NFIP) a harbinger for less acrimony and more compromise in Congress? It could be.

After much wrangling in recent years, the vote to pass the legislation in the House - 406-22 - was overwhelming and bipartisan. PIA is now working with members of the Senate on a companion bill.

The NFIP has mirrored the wider problems of government through its reauthorizations and large debts. For a number of years, the House and Senate passed competing bills to reauthorize the program, with the House proposals adding wind coverage to the mix and the Senate opposing such an expansion. The impasse resulted in a number of short-term reauthorizations for NFIP and several expirations.

However, the disagreements have given way to agreement. Some critics suggest that if the differences between the flood bills can be ironed out, it may serve as an example of how well Congress can work together to reach compromise - something that we've not seen in a long time.

What It Means to Agents: While the process to achieve compromise on the flood reauthorization and reform bill has moved very smoothly to this point, we are concerned about the legislative calendar. The Senate must still pass its version of a bill, which then must be reconciled with the House-passed bill. Congress is expected to adjourn today (August 2) and not reconvene until after Labor Day. That leaves just a few weeks for final action before the next scheduled expiration of the NFIP on September 30. PIA National will continue to work to secure final passage of the Flood Insurance Reform Act of 2011 and avoid another expiration of the program.

Find out more on the Comity in Congress: Acrimony Turns to Action on NFIP (Business Insurance 8/1/11)