Friday, December 21, 2018

Last Minute Vote In Congress Extends National Flood Insurance Program Until May 31

On December 21, the U.S. House voted to extend the National Flood Insurance Program through May 31.  The program was set to expire at midnight on December 21.
The reauthorization allows the program, which is over $20 billion in debt, continue to borrow up to nearly $10 billion more.
Had the program’s authorization lapsed, it could have continued to borrow up to $1 billion. After reaching that threshold, communities would not be able to make claims for flood damage until a reauthorization passed Congress.
For information on flood insurance options in Pennsylvania, visit the Dept. of Insurance Flood Insurance webpage.

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