National Flood Insurance Program part of national government funding bill
WASHINGTON, D.C. – The federal government is currently working to approve a bill that would prevent a government shutdown on Friday.
The bill includes the extension of the National Flood Insurance Program (NFIP), which is set to expire Friday at 11:59 p.m.
If it expires, the program wouldn’t have been able to provide more flood insurance contracts.
Sen. Bill Cassidy (R-LA) was one of the biggest supporters of extending the bill while also calling for reforms to make flood insurance more affordable for Americans.
Cassidy recently introduced legislation alongside Sen. Corey Booker (D-NJ) called the Flood Insurance Affordability Tax Credit Act. The legislation would provide a 33% refundable tax credit on flood insurance premiums for low—to middle-income households enrolled in the program.
National Flood Insurance Program part of national government funding bill
