To extend the National Flood Insurance Program through December 31, 2026.
Summary
What This Bill Does
This bill makes a date extension to the National Flood Insurance Act of 1968. It changes the NFIP authorization date in section 1309(a) and the borrowing authority date in section 1319 from September 30, 2023 to December 31, 2026. The practical effect is to keep the National Flood Insurance Program available for policy issuance, renewals, and claims administration through the end of 2026 unless Congress changes the program again.
Who Benefits and How
NFIP policyholders benefit because federal flood insurance can continue through December 31, 2026. Homebuyers in flood-prone areas benefit because mortgage closings that require flood insurance are less likely to be disrupted by program expiration. Insurance agents selling NFIP policies benefit from continued authority to issue and renew policies. Floodplain communities benefit because the federal insurance backstop remains in place while longer-term reforms remain unresolved.
Who Bears the Burden and How
The Federal Emergency Management Agency must continue administering NFIP policies, claims, and financing authority through the new date. Federal taxpayers remain exposed to NFIP financial risk while the program continues. Private flood insurers continue competing with an extended federal program. Congressional committees still must address longer-term NFIP reform before the December 31, 2026 deadline.
Key Provisions
- Extends the NFIP authorization date from September 30, 2023 to December 31, 2026.
- Extends the related National Flood Insurance Act financing date to December 31, 2026.
- Preserves federal flood insurance availability without changing rating or mitigation policy.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Extends the National Flood Insurance Program's authorization and related financing authority through December 31, 2026.
Key Policy Areas
Flood Insurance, Housing, Disaster Resilience
Primary Purpose
Extends the National Flood Insurance Program's authorization and related financing authority through December 31, 2026.
Policy Domains
Resolution provisions
Identified Gains
Contextual inference, no direct clause citation- NFIP policyholders
- Homebuyers in flood-prone areas
- Insurance agents selling NFIP policies
- Floodplain communities
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal Emergency Management Agency
- Federal taxpayers
- Private flood insurers
- Congressional committees
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
In CommitteeMr. Carter of Louisiana (for himself, Mr. Fields, Ms. Letlow, …
Referred to the House Committee on Financial Services.
Introduced in House
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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