News & Updates

Learn the latest on flood insurance reform

NFIP Reauthorized until September 30, 2023

With the signing of the Consolidated Appropriations Act, 2023 (H.R. 2617), NFIP has been reauthorized through September 30, 2023.  This is NFIP’s 25th short-term reauthorization.  For FY23, the law appropriates up to:

  • $5M for flood insurance advocate
  • $175M for flood mitigation actions and assistance
  • $223.8M for operating expenses and salaries
  • $960.6M for commissions and taxes of agents
  • $225M for flood plain management and mapping and mission support, until September 30, 2024
  • $312.75M for flood hazard mapping and risk analysis
  • $355M for emergency management grants
  • Sums necessary for interest on Treasury borrowing