H.R. 5577: NFIP Extension Act of 2026

The NFIP Extension Act of 2026 is a bill aimed at extending the National Flood Insurance Program (NFIP) in the United States. Here’s a breakdown of what the bill proposes:

Short Title

The bill is officially titled the NFIP Extension Act of 2026.

Extension of the National Flood Insurance Program

This part of the bill focuses on extending the duration of the NFIP:

• Financing: The bill amends the financing provisions of the National Flood Insurance Act of 1968 to change the program's termination date from September 30, 2023 to September 30, 2026.
• Program Expiration: Similarly, it also updates the expiration date specified in the same act, changing it from September 30, 2023 to September 30, 2026.
• Retroactive Effective Date: If this bill is passed after September 30, 2025, the changes made by this bill will be considered effective as if they had been enacted on September 30, 2025.

Overall, the NFIP Extension Act of 2026 is aimed at ensuring the continuation of the National Flood Insurance Program for an additional three years, providing coverage to property owners at risk of flooding.

Relevant Companies

None found.