In September, Congress voted to extend the expiration of the NFIP to December 8th, 2017. The MCCC was in Washington, DC lobbying for the extension to continue to September 30th, 2018 to ensure a comprehensive reauthorization.
Last week was extremely active for flood insurance in the United States Congress.
Several weeks ago, the US House proposed a piece of legislation that would have extended the Federal Aviation Administration (FAA) for six-months. Within the bill, Representatives attached the Flood Insurance Market Parity and Modernization Act, sponsored by Reps. Dennis Ross, R-Fla., and Kathy Castor, D-Fla., which “repeals government roadblocks to lower flood insurance rates by clarifying how non-government flood insurance policies can satisfy the federal flood insurance mandate for properties that are located in high-risk areas.”
Senate did vote to extend the FAA, but only after cutting the private flood insurance language. The House of Representatives voted 264-155 to pass the Flood Parity Act, which the Senate did not vote on.
We support a full reauthorization of the NFIP.