Representative Troy Carter has introduced the NFIP Authorization Extension Act and involved a number of original cosponsors – Reps. Mike Ezell (R-MS), Cleo Fields (D-LA), Julia Letlow (R-LA), LaMonica McIver (D-NJ), Jared Moskowitz (D-FL), and Marc Veasey (D-TX).  This bill, H.R.2822, is the House companion to S.1015, introduced by Senators Cassidy and Kennedy in March.

Both bills would provide for a clean reauthorization of NFIP until December 31, 2026, and both would break NFIP’s streak of 33 short-term reauthorizations.  NFIP is currently reauthorized until September 30, 2025.

Rep. Carter affirmed, “For too long, homeowners, small businesses, and local economies have lived under the cloud of short-term NFIP extensions, often attached to contentious government funding bills. This clean, multi-year reauthorization brings much-needed certainty to policyholders and ensures uninterrupted access to flood insurance across the country. As flooding becomes more frequent and severe, we must protect families and businesses by keeping this program operating while we work to deliver lasting, comprehensive reforms to strengthen and modernize the program.”

Rep. Letlow commented, “I’m committed to working with my colleagues to strengthen this vital program and ensure our communities get the support they need when disaster strikes.”  Rep. Ezell added, “By extending the program through the end of 2026, we’re sending a clear message: we are committed to protecting our coastal communities, giving them the tools to recover and rebuild, and working in a bipartisan way to strengthen and modernize the program for the future.”

GNO, Inc.’s Michael Hecht shared CSFI’s perspective, “NFIP policyholders deserve certainty, and NFIP as a program requires stability. A two-year reauthorization will provide a runway for Congress and stakeholders to hold conversations and hearings around catastrophic insurance and towards highly-demanded comprehensive NFIP reform, like a means-tested benefit for affordability, a third-party review of the Risk Rating 2.0 methodology, and proper incentivization of flood risk mitigation.”

We appreciate Congressional and organizational support for reauthorization.  CSFI members supporting this legislation include the Bay Area Houston Economic Partnership (BAHEP), Charlotte County Board of County Commissioners (Florida), Fair Insurance Rates for Monroe (FIRM), Greater New Orleans Housing Alliance (GNOHA), Home Builders Association of Greater New Orleans (HBAGNO), HousingNOLA, HousingLOUISIANA, Insurance Resources, Jackson County (MS) Chamber of Commerce, Northshore Business Council, One Acadiana, St. Tammany Economic Development Corporation, and United Policyholders.