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Flood Program Renewal Goes Down to the Wire Again

Repeating a pattern that has become all-too-familiar over the past decade, we are now one day away from expiration of the National Flood Insurance Program (NFIP) absent a final vote on a 60-day extension
May 30, 2012

Repeating a pattern that has become all-too-familiar over the past decade, we are now one day away from expiration of the National Flood Insurance Program (NFIP) absent a final vote on a 60-day extension.

But this time, there is real hope that Congress is on the verge of passing a reform and five-year reauthorization bill. Due to the legislative calendar, lawmakers first need to approve one more short term extension by this Thursday May 31.

Last week, the Senate passed a 60-day extension bill. The House – which returns to session May 30 – must also pass it in order to avoid a suspension of the program just as the hurricane season is about to begin.

The NFIP has continued on short-term reauthorizations since its last long-term authorization, which expired in September 2008. The short-term extensions resulted in 53 days of temporary lapses in 2010. The NFIP was temporarily extended four times in 2011. These lapses and reinstatements began in 2002.

The hopeful element is that if the 60 day extension comes to fruition, Senate Majority Leader Harry Reid (D-Nev.) announced an agreement last week in a colloquy on the Senate Floor with Sen. David Vitter (R-La.) that he will bring the Senate’s 5 year NFIP extension to the floor for a vote during that time. Furthermore, it is the intent of the Majority Leader to pass the Senate five-year bill, work out the differences between the House and Senate bills, and have a final passage of a comprehensive five year reform bill for the President to sign – all within the 60 days.

**UPDATE** The House of Representatives is expected to consider legislation extending the National Flood Insurance Program (NFIP) sometime during the afternoon or evening of Wednesday May 30. PIA National will send updates as needed.