Bill > S2931

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, 2026. The bill includes a provision that if the legislation is enacted after September 30, 2025, the amendments will be retroactively applied as if they were enacted on that date. By extending the NFIP's authorization, the bill ensures continued availability of flood insurance for homeowners and businesses in flood-prone areas, helping to mitigate financial risks associated with flood damage. This type of legislation is routinely passed to maintain the ongoing operations of critical federal insurance programs, preventing potential disruptions in coverage for property owners who rely on the NFIP for protection against flooding.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2931/all-info