House Financial Committee Acts on NFIP Legislation
On June 12, the U.S. House of Representatives House Committee on Financial Services passed H.R. 3167, the National Flood Insurance Program (NFIP) Reauthorization Act of 2019, introduced by Committee Chair Maxine Waters (D-CA). Highlights of H.R. 3167 include language that would authorize NFIP, and the flood mapping program, through September 30, 2024. Additionally, there is language included that would make it easier for private insurance to provide flood insurance coverage, and that would eliminate some penalties currently assessed to homeowners if they want to move from a private insurance policy to a government-backed option issued by the Federal Emergency Management Agency (FEMA).
An earlier version H.R. 3167 included language that would have forgiven approximately $20 billion, however it was the removal of that provision that was instrumental in the measure being voted out of committee unanimously. H.R. 3167 now will head to the full House for a vote (at a date yet to be determined), where it is expected to pass.
Please contact APWA Government Affairs Manager Marty Williams, at firstname.lastname@example.org
, or (202) 218-6732 with any questions.