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Flood Insurance Reauthorization Passes Committee

A U.S. House committee is considering bills to reform and reauthorize the National Flood Insurance Program (NFIP). These bills would reauthorize the NFIP for five years, as well as make changes to the program and how it's administered, some which will affect the way that commercial properties purchase and utilize the program.

It's expected to vote on them and then combine them into one package for consideration by the full House. Of the two bills, the first was unanimously passed, while the second was voted down. NAR leadership also penned this letter to the House, providing a list of priorities and highlighting which of the five remaining bills NAR supports and opposes.

 

For more information about the NFIP, visit NAR’s website here.

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