EZELL, CARTER, FLETCHER INTRODUCE BIPARTISAN LEGISLATION TO REAUTHORIZE NATIONAL FLOOD INSURANCE PROGRAM THROUGH NOVEMBER 2025
The following information was released by the office of Mississippi Rep.
Today, Representatives
With
"The NFIP isn't just a policyit's a critical safeguard for millions of families, homeowners, and businesses across the country," Ezell said. "In
"We cannot allow the dysfunction of government to punish everyday Americans by letting the National Flood Insurance Program lapse, leaving families and businesses without critical protection. This program is not only vital to
"Once again this year, we have seen the devastating impacts of flooding in
If the NFIP is allowed to expire:
The program's borrowing authority will be capped at just
Over 4.7 million flood insurance policies across 22,718 communities in all 50 states will be jeopardized.
New flood insurance policies cannot be issued or renewed, preventing homebuyers and businesses from closing, renewing, or increasing loans.
The 2010 lapse in NFIP led to over 1,400 home sale closings canceled or delayed per daya blow to the housing market and local economies.
Without action, a government shutdown would leave the NFIP in limbo, putting homeowners, small businesses, and entire communities at riskparticularly during the height of hurricane season.
Ezell, Carter, and Fletcher emphasized that while this reauthorization ensures short-term stability, it must pave the way for a long-term, comprehensive NFIP reform to modernize the program and strengthen it for future generations.
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Federal flood insurance expires in 4 days
MAGAZINER AND AMO JOIN HEALTH CARE LEADERS TO CALL FOR URGENT ACTION TO ADDRESS HEALTH CARE AFFORDABILITY CRISIS
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