To extend the National Flood Insurance Program through December 31, 2026.

Bill Number: H.R. 2822
Origin Chamber: House
Congress: 119th Congress, Session 1
Policy Area: Finance and Financial Sector
Status: Introduced
Latest Action: 2025-04-10: Referred to the House Committee on Financial Services.
Last Updated: 2026-02-05T17:34:11Z

AI-Generated Summary

Purpose

This bill, H.R. 2822, aims to extend the authorization of the National Flood Insurance Program (NFIP), a federal program that provides flood insurance to property owners in flood-prone areas, preventing its expiration and ensuring continued availability of coverage.

Key Provisions

Extension of Financing Authority: Amends Section 1309(a) of the National Flood Insurance Act of 1968 to extend the program's borrowing authority from the U.S. Treasury from September 30, 2023, to December 31, 2026.
Extension of Program Expiration: Amends Section 1319 of the same Act to push back the overall expiration date of the NFIP from September 30, 2023, to December 31, 2026.

Significant Changes to Existing Law

The bill updates two specific dates in the National Flood Insurance Act of 1968, effectively granting a three-year extension to both the program's financing mechanism and its operational authorization.
Without this change, the NFIP would have lapsed after September 30, 2023, halting new policies and renewals.

Potential Impacts

On Government Agencies: The Federal Emergency Management Agency (FEMA), which administers the NFIP, would maintain uninterrupted operations, avoiding administrative disruptions and potential emergency funding needs.
On Citizens: Homeowners, renters, and businesses in flood-risk areas (estimated at over 20 million properties nationwide) would continue to access affordable flood insurance, which is often required for mortgages in high-risk zones, reducing financial vulnerability to flooding.
On International Relations: No direct impacts, as the NFIP is a domestic program focused on U.S. properties.

Main Stakeholders Affected

Property Owners and Insured Individuals: Primary beneficiaries, particularly in coastal and riverine areas prone to flooding, who rely on NFIP for protection against losses not covered by standard homeowners' insurance.
Insurance Industry: Private insurers that partner with the NFIP (via the Write Your Own program) would see sustained business opportunities.
Federal and Local Governments: FEMA and state/local officials involved in flood mapping and disaster response would benefit from program continuity, aiding in recovery efforts post-disasters.
Lenders and Real Estate Sector: Banks and mortgage providers requiring flood insurance for loans in designated flood zones.

Notable Legal, Constitutional, or Political Implications

Legal: Ensures statutory continuity for a critical public safety net, avoiding legal challenges from policy lapses that could affect contract enforceability for insurance policies. No new regulatory burdens are imposed.
Constitutional: None significant, as the extension operates within Congress's established authority under the Commerce Clause to regulate interstate insurance and disaster mitigation.
Political: Demonstrates bipartisan support, with cosponsors from both parties (e.g., representatives from flood-vulnerable states like Louisiana and Texas), highlighting the program's role in addressing climate-related risks without introducing controversial reforms.

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Rep. Carter, Troy A. [D-LA-2]

Cosponsors (7)

Rep. Fields, Cleo [D-LA-6], Rep. Letlow, Julia [R-LA-5], Rep. Ezell, Mike [R-MS-4], Rep. McIver, LaMonica [D-NJ-10], Rep. Moskowitz, Jared [D-FL-23], Rep. Veasey, Marc A. [D-TX-33], Rep. Thanedar, Shri [D-MI-13]

Recent Actions

2025-04-10: Referred to the House Committee on Financial Services.
2025-04-10: Introduced in House
2025-04-10: Introduced in House

Bill Versions

To extend the National Flood Insurance Program through December 31, 2026. — issued 2025-04-10 — PDF (2 pages)