Summary

Extends the National Flood Insurance Program's statutory financing authority and program expiration date by replacing the previous September 30, 2023 date with November 21, 2025. The change keeps FEMA's existing authority to finance NFIP operations and prevents a scheduled expiration of the program through November 21, 2025. No other program changes, new spending authorizations, or policy reforms are included; the amendment only updates the two statutory dates that govern NFIP financing authority and program duration.

Key Points

• Extends the NFIP's financing authority and program authorization date from September 30, 2023 to November 21, 2025.
• Amends two statutory citations in the National Flood Insurance Act of 1968 to reflect the new date.
• Does not modify program rules, premium structures, or eligibility requirements for flood insurance.
• Does not provide new appropriations or emergency funding; it only updates statutory dates.
• Maintains continuity of federal flood insurance availability and FEMA's authority to finance NFIP operations.
• Aims to avoid a statutory lapse in the NFIP while Congress considers longer-term legislation or reforms.
• Limited, narrowly focused change — no new mandates on states or localities are imposed.

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