Congress passes two-week extension of National Flood Insurance Program
The House of Representatives instead passed a two week extension of the NFIP to allow insurers to continue issuing federal flood policies. This extension will be effective until June 14, 2019. The decision to extend reauthorization comes just as the U.S. prepares for the summer hurricane season. In January, the NFIP was forced to halt writing and renewing policies when the government shut down due to a budgetary standoff in Congress.
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Congress passed a stopgap bill on Thursday to extend the National Flood Insurance Program for two weeks, a last-minute rescue to a program that bolsters home values in coastal and low-lying real.
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At about 4:30 p.m. in a fast-track unanimous consent vote, the House approved an extension of the National Flood Insurance Program until June 14, a reauthorization the Senate approved by voice.
WASHINGTON – The National Association of Professional Insurance Agents (PIA National) is pleased that the House passed by unanimous consent S. 1693, a bill to extend the National Flood Insurance Program (NFIP) for a two-week period ending on June 14.The NFIP currently scheduled to expire at midnight tomorrow, May 31.
Congress must periodically renew the NFIP’s statutory authority to operate. On June 6, 2019, the President signed legislation passed by Congress that extends the National Flood Insurance Program’s (NFIP’s) authorization to September 30, 2019.Congress must now reauthorize the NFIP by no later than 11:59 pm on September 30, 2019.
Congress passes two-week extension of National Flood Insurance Program Congress passed a stopgap bill on Thursday to extend the National Flood Insurance Program for two weeks, a last-minute rescue to a program that bolsters home values in coastal and low-lying real estate markets. The bill will allow new flood insurance policies to be issued and [.]
The US House of Representatives has passed an extension of National Flood Insurance Program (NFIP) authorisation to 14 June by a unanimous consent procedure, buying time for the full House to return after recess and work on a longer term extension.
House Passes Two-Week Flood Extension On May 30, 2019 By Jon Gentile The U.S. House today passed by unanimous consent S. 1693, a bill to extend the National Flood Insurance Program (NFIP) for a two-week period ending on June 14.
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