Bill > HR10543

This bill reauthorizes the National Flood Insurance Program (NFIP), a federal program that provides flood insurance to property owners, by extending its financing and program authorization from September 30, 2023, to September 30, 2025. The bill, titled the "NFIP Extension Act of 2024," makes technical amendments to two sections of the National Flood Insurance Act of 1968, specifically updating the date references for program financing and expiration. Importantly, if the bill is enacted after December 20, 2024, the amendments will be applied retroactively as if they were enacted on that date. This extension ensures continued availability of flood insurance for property owners in flood-prone areas, maintaining a critical financial protection mechanism that helps homeowners and communities recover from flood-related damages.