Sponsors (7)
The bill preserves NFIP insurance availability and continuity through Sept 30, 2026 (and retroactively to Jan 30, 2026), avoiding immediate coverage gaps, but increases federal borrowing exposure and postpones longer-term solvency and pricing reforms.
Homeowners and renters in flood-prone areas can buy or renew NFIP policies through Sept 30, 2026, with a retroactive effective date to Jan 30, 2026 that prevents coverage or funding gaps if the bill is enacted after that date.
FEMA retains borrowing authority through Sept 30, 2026 so claims can be paid and the NFIP can continue operating after major floods, reducing near-term funding disruptions for policyholders and federal operations.
Extending FEMA's borrowing authority increases federal exposure and could raise costs for taxpayers if the NFIP must borrow to cover large claims.
Keeping NFIP authority in place without requiring reforms may delay needed changes to long-term solvency and risk-based flood insurance pricing, leaving homeowners and taxpayers exposed to recurring program shortfalls.
Based on analysis of 2 sections of legislative text.
Extends the NFIP's ability to issue new policies and FEMA's borrowing authority from Sept 30, 2023 to 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 issue new flood insurance contracts and to borrow funds. The expiration dates for both program operations and FEMA's borrowing authority are moved from September 30, 2023 to September 30, 2026, with the extension applied retroactively to January 30, 2026 if the law is enacted after that date.