Congress to Extend Flood Insurance for Seven Weeks

On September 26, 2011, the Senate passed the Continuing Appropriations Act (H.R. 2608), which also includes a provision extending the National Flood Insurance Program (NFIP) until November 18, 2011. Next week, the House is expected to approve this extension and has ensured that there will be no lapse in NFIP authority in the interim. NAR is urging Congress to finish its work on the five year reauthorization bill (H.R. 1309) before this latest extension ends, to provide certainty and avoid further disruption to real estate markets.
Congresswoman Doris Matsui is doing an extraordinary amount of work on H.R 1309 which would give this five year reauthorization of NFIP. She is also working on many important reforms we need locally in Sacramento.