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NFIP Extended Another Four Months

The U.S. Senate joined the House in passing a four-month extension of the NFIP, through November 30, 2018.
NFIP Extended Another Four Months
August 7, 2018

PIA issued a statement saying we are pleased that Congress did not let the National Flood Insurance Program (NFIP) expire. On July 31, 2018 the U.S. Senate joined the House in passing a four-month extension of the NFIP, through November 30, 2018. It was the latest in a string of short term extensions. President Trump quickly signed the bill.

“Millions of Americans woke up this morning not knowing whether congressional inaction would leave the flood insurance program they rely on hobbled in the height of hurricane season,” said PIA National Vice President of Government Relations Jon Gentile. “The passage of a clean extension by the House and Senate is positive. That said, waiting until the last minute to act should be a thing of the past. Congress now has four months to work to find a way to provide a long-term reauthorization of the program. That work should begin today.”

In an opinion article for PC 360 and the National Underwriter[“Why is long-term re-authorization of NFIP so elusive?”], Gentile said it is “more than possible” that lawmakers can use the four-month extension period to come up with a long-term reauthorization of the NFIP with bipartisan reforms.

 

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