The House Financial Services Committee recently marked up and passed several bills to reauthorize and reform the National Flood Insurance Program (NFIP). Taken together, the bills would reauthorize the NFIP until September 30, 2022, grow the private market for flood insurance (and with it, consumer choice)—an objective long supported by The Council, and require FEMA to share certain program data with the private market, among other things.
Click here for a chart comparing the current reauthorization proposals. (login required)