Flood Insurance Extender Passes House

Legislation (H.R. 2578) extending the National Flood Insurance Program (NFIP) through September passed the House Tuesday by a voice vote. The program is currently set to expire at the end of the month. The measure now heads to the Senate for consideration after which the president is expected to sign it into law.

Credit unions have a vested interest in the stability of the NFIP. CUNA and the state leagues have repeatably pressed Capitol Hill lawmakers to not let the program lapse and and to pass a long-term solution that would enhance its affordability and sustainability.