NFIP Extension Act of 2025
The NFIP Extension Act of 2025 would reauthorize the National Flood Insurance Program (NFIP) through September 30, 2025. By amending key provisions of the National Flood Insurance Act of 1968, the bill extends both the program’s financing authority and its expiration date from the previously set date of September 30, 2023 to September 30, 2025. It also includes a retroactive provision: if enacted after March 14, 2025, the amendments would take effect as though they were enacted on March 14, 2025. The measure is designed to ensure the NFIP remains operational and funded through 2025, preventing lapses in flood insurance availability for policyholders and federally backed mortgages, without adding new funding or altering the program’s structure.
Key Points
- 1Extends NFIP financing authority from September 30, 2023 to September 30, 2025 (amending 1309(a) of the National Flood Insurance Act of 1968).
- 2Extends NFIP program expiration date from September 30, 2023 to September 30, 2025 (amending 1319 of the National Flood Insurance Act of 1968).
- 3Includes a retroactive effective date: if enacted after March 14, 2025, the amendments apply as if enacted on March 14, 2025.
- 4Purpose is to reauthorize, not to increase funding or alter program terms; it simply extends the program’s authorization window.
- 5Legislative status: introduced in the Senate on March 4, 2025 by Senators Kennedy and Cassidy and referred to the Committee on Banking, Housing, and Urban Affairs.