Provisions that would grant the National Flood Insurance Program (NFIP) a four-month extension were included in a FEMA Disaster Relief bill that cleared the U.S. Senate late last week. It was believed that the bill, which the President has said he will sign, would be approved by the House on unanimous consent.
Procedural objections, however, were raised by two Congressmen. As a result, the NFIP will formally expire at midnight, Friday, May 31. This hiatus will not affect current policyholders. It will, however, prevent the issuance of new coverage.
The House is scheduled to pass the bill on Tuesday, June 4. If quickly enacted by the President, the short delay should have little negative impact.
We hope that Congress can agree on a long-term re-authorization, before the new September 30 deadline.
Contact: Jon Moran, Senior Legislative Analyst, email@example.com, 609-695-3481 x121.