Congress floats flood insurance ideas – but passage iffy

WASHINGTON – July 17, 2018 – U.S. lawmakers are struggling to secure passage of a bill that extends the National Flood Insurance Program (NFIP) past its scheduled end on July 31, 2018. However, the path to get there is unclear.

NFIP reauthorization could easily get bogged down in red tape as the House and Senate look at different ways to get the job done, though it appears a six-month extension is likely if Congress can successfully get something passed.

The National Association of Realtors® (NAR) continues to push for members to participate in a Call for Action to keep pressure on lawmakers to find a solution.
NAR encourages all members of Florida Realtors who have not yet participated in the Call for Action to do so now. The Call for Action takes only a minute to complete since the system automatically fills in the names and email addresses for each member’s representatives in Washington.

More information and the Call for Action email are available on NAR’s Realtor Party website.

Many paths to passage

In the House, Majority Whip Steve Scalise (R-La.) and Rep. Tom MacArthur (R-N.J.) recently filed H.R. 6379 to extend NFIP through Nov. 30, 2018 – the official end of the Atlantic Hurricane Season.

“While it’s critical that Congress continue working to get a long term reauthorization of the program signed into law, (this bill) … will make sure the program doesn’t expire, and that we don’t have to worry about a lapse for the remainder of this hurricane season,” says Scalise.

Senators have also voted to extend NFIP for six months; however, they’ve added that extension to larger bills as an amendment. As a result, NFIP’s fate is attached to the fate of those larger bills.
Last Tuesday, for example, the Senate voted 95-4 vote to extend NFIP for another six months and added it to the final version of The Energy and Water, Legislative Branch and Military Construction and Veterans Affairs Appropriations Act. That bill has already passed both houses and is now in a conference committee that tries to work out the differences.

Two weeks earlier, however, the Senate did the same thing by attaching a NFIP extension to a to a farm bill that is also going to a joint committee.

© 2018 Florida Realtors

Debbie Dawson, Realtor®
Multi-Million Dollar Producer
Licensed at RE/MAX Advantage Realty
10710 State Road 54, Suite C101
Trinity, Florida 34655

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