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Government-funding move extends NFIP until Jan. 19

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The National Flood Insurance Program (NFIP) was extended as part of the Congressional continuing resolution designed to fund the federal government until Jan. 19, 2018.

NFIP has been extended numerous times over the years and this year, and now remains in force until Jan. 19.

By a vote of 231 to 188, the U.S. House of Representatives adopted the continuing resolution last week before the Christmas break, followed by a Senate approval of 6 to 32, to avoid a government shutdown.

The U.S. House of Representatives adopted the continuing resolution on Thursday on a 231-188 vote, followed by U.S. Senate approval on a 66-32 vote, temporarily avoiding a government shutdown.

Capitol Building in Washington DC USA

Capitol Building in Washington DC USA

The NFIP was originally set to expire on Sept. 30, but Congress passed a short-term extension until Dec. 8, and then adopted a two-week extension until Dec. 22.

The National Association of Professional Insurance Agents (PIA) praised the action.

“We are pleased that the National Flood Insurance Program [NFIP] was extended as part of the continuing resolution,” said Jon Gentile, PIA vice president of government relations, in a statement. “This will keep the flood insurance program fully operational through January 19, guarding against interruptions for policyholders and protecting the progress of real estate transactions that require evidence of flood coverage.”

“While it is positive that the program will not lapse, it’s vital that in 2018, Congress move away from short-term measures and provide a long-term reauthorization of this program,” Gentile said. “We will continue our advocacy in pursuit of that goal.”

In November, the House adopted a bill to reauthorize the NFIP for five years and implement several reforms, including provisions designed to spur additional private insurer involvement in covering flood risk, but the Senate has yet to vote on the measure.

The program is about $25 billion in debt and the Federal Emergency Management Agency announced it would tap a $1 billion reinsurance program due to losses sustained during Hurricane Harvey, which battered the Houston area in August.


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