NFIP would extend to July 31 as part of spending billPosted On: Mar. 22, 2018 11:30 AM CST
The National Flood Insurance Program would be extended to July 31, as part of an omnibus spending bill that would fund the federal government through the end of the fiscal year.
The U.S. House of Representatives is currently debating a rule governing debate on the bill, which would fund the government past midnight Friday, with a vote expected this afternoon. The NFIP would expire on Friday if Congress fails to pass the spending bill.
In January, the NFIP received a reprieve when it was retroactively reauthorized as part of a resolution to reopen the federal government, but even the brief lapse highlighted the significant consequences for risk managers of the program’s expiration.
In February, the NFIP was extended to March 23 as part of a continuing resolution to fund the federal government.