Two-Week Flood Insurance Extension Gets Final Legislative Approval, Awaits President’s Signature

The House extended via unanimous consent the National Flood Insurance Program (NFIP) until June 14, a two-week extension of the program. President Donald Trump is expected to sign the bill, preventing the program from lapsing at midnight tonight. 

CUNA and the state leagues have consistently encouraged Congress to work on a long-term solution to enhance the affordability and ultimate sustainability of NFIP in order to restore certainty to the market.

Last week, the Senate passed the standalone short-term extension as well as a disaster aid package that included an extension of the NFIP through Sept. 30. However, the House had already left for Memorial Day recess, requiring the chamber to attempt unanimous consent votes during pro-forma sessions to prevent the program from lapsing.

The House previously passed NFIP extensions via its own disaster aid package and a standalone bill – both of which would have extended the program through Sept. 30 but were not taken up by the Senate.