Washington Report

Advocacy Updates from Washington D.C.

Flood Insurance Extended to December 7th

On November 29, 2018, the U.S. House of Representatives passed a one-week extension of the National Flood Insurance Program, preventing lapse of this critically important program. The Senate also passed a seven-day extension under a unanimous consent agreement sending the bill to the President for signature.

NAR is working closely with lawmakers to prevent the program from lapsing while a longer-term extension is enacted and reforms are considered. NAR supports changes to improve the accuracy of flood maps, allow more private insurance options, and make mitigation resources available to home owners to help keep premium increases affordable, among other reforms.