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NFIP extension included in Disaster Charge Bill approved by House



United States House of Representatives adopted the HR 2157 Disaster Relief Act on Monday, which would extend the National Flood Program to September 30.

The US Senate had previously adopted its version of the Disaster Deduction Bill, including the NFIP extension, with an 85-8 vote on May 23.

The legislator completed a two-week extension of the program last week signed by the President's hours before NFIP's scheduled expiration date on Friday.

National Association of Professional Insurance Agents in Washington urged President Donald Trump to sign the latest extension in law.

"It is fortunate that we avoid a fall in the flood insurance program, albeit at the last minute," said Jon Gentile, vice president of government relations for the PIA National, said in a statement on Tuesday. "Last week's political showmanship inevitably tried to make money into disaster areas and almost caused NFIP to cease at the beginning of the hurricane season."

"This is the 1

2th short-term extension of NFIP since its original expiration date in September 2017," he continued. "Passing time and money again with short extensions only gives uncertainty to consumers, the insurance industry, and the real estate markets. Congress must become serious and send a long-term reauthorization that has a chance to cross both chambers, and it also recognizes the key role independent insurance agents play to deliver this important programs for homeowners and entrepreneurs. The time for endless delays is over. It's time to act. "

                    


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