National Flood Insurance Program Extended
On Thursday, September 7, the Senate voted to pass a three-month extension of the National Flood Insurance Program (NFIP). The House of Representatives passed the legislation on Friday, September 8, 2017, and the President signed the bill into law later that day.
This legislation ensures that the NFIP will not lapse on September 30, 2017, and will be extended until December 8, 2017.
The NAR Call for Action concluded Friday, September 8, 2017 at 5:00 p.m. eastern time. The Colorado Association of REALTORS® would like to thank all Colorado REALTORS® who were involved with our Call for Action. REALTORS® will continue legislative advocacy efforts for the 21st Century Flood Reform Act until this long-term reauthorization and reform bill is enacted.
“Extending the National Flood Insurance Program was a must-do item, and Congress delivered. That’s good news for consumers, as well as an opportunity for proponents of meaningful reform. With a short extension on their side, leaders in the House and Senate should continue work on the 21st Century Flood Reform Act to strengthen the NFIP and ensure the long-term certainty that current and future homeowners demand,” said NAR President William E. Brown.