Sponsors (7)
The bill preserves short-term access to flood insurance and FEMA's ability to pay claims to avoid coverage and payment gaps, but it extends federal borrowing without addressing long-term NFIP solvency and flood-risk pricing, shifting potential costs to taxpayers and delaying needed reforms.
Homeowners and renters in flood-prone areas can continue to buy or renew NFIP policies and receive claim payments because FEMA retains borrowing authority through Sept 30, 2026, avoiding near-term coverage and payment disruptions.
The law applies retroactively to Jan 30, 2026, preventing gaps in coverage or claims handling if the bill is enacted after that date.
Extending FEMA's borrowing authority increases federal liabilities and could raise costs for taxpayers if the NFIP must borrow to cover large claims.
Keeping NFIP authority in place without reforms delays needed changes to long-term solvency and flood-risk pricing, leaving homeowners and taxpayers exposed to ongoing fiscal and risk-pricing problems.
Based on analysis of 2 sections of legislative text.
Extends NFIP borrowing authority and authorization to issue new flood insurance contracts through Sept 30, 2026, retroactive to Jan 30, 2026 if enacted later.
Introduced September 26, 2025 by Andrew R. Garbarino · Last progress September 26, 2025
Extends the National Flood Insurance Program’s authority to borrow from the Treasury and to enter into new flood insurance contracts through September 30, 2026. If the law is enacted after January 30, 2026, the extension is applied retroactively to January 30, 2026 to maintain continuous authority. The change simply replaces prior statutory expiration dates (previously September 30, 2023) with the new 2026 date so FEMA can continue issuing new policies and access borrowing authority to pay claims until that date.