Washington Report

Advocacy Updates from Washington D.C.

Flood Insurance Extended to March 23

On February 9, 2018, Congress extended the National Flood Insurance Program (NFIP) as part of a broader budget agreement, which set the total amount that lawmakers can spend on an omnibus government-funding package. NAR is urging the Senate to use the next six weeks to work on a longer-term reauthorization and reform measure similar to the version passed by the House last year.

NAR sent a letter in support of the budget agreement, which also extended several key tax provisions in addition to keeping the NFIP operating through March 23.