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Hurricane Harvey Fuels NFIP Debate

The National Flood Insurance Program is being grimly highlighted as the remnants of Hurricane Harvey stubbornly continue to inundate Texas...
August 29, 2017

The National Flood Insurance Program (NFIP) is being grimly highlighted as the remnants of Hurricane Harvey stubbornly continue to inundate Texas.

The flooding catastrophe in Texas struck just as Congress is approaching a Sept. 30 deadline to reauthorize the National Flood Insurance Program (NFIP), with lawmakers divided. One of PIA’s main issues of focus is supporting efforts to secure a long-term reauthorization of the National Flood Insurance Program, which is set to expire on September 30, 2017.

READ: Flood insurance splits GOP, spurs bipartisan dealmaking

Coastal state Republicans are bucking members of their own party and teaming up with Democrats to fight the House proposals that they say would make flood insurance unaffordable. Factions of lawmakers are at odds over how to boost the insurance program’s bottom line. A key source of tension is to what extent homeowners should pay higher rates to put the service on stronger financial footing.

With the clock running down and neither the House nor the Senate having passed a flood bill, a short-term extension without significant reforms is becoming more likely.

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