The National Flood Insurance Program (NFIP) is set to expire on September 30th if Congress does not take action. During the past month, there has been a lot of activity on Capitol Hill surrounding the reauthorization of the NFIP. NAR has been actively engaged in trying to shape various pieces of legislation in accordance with NAR’s flood insurance policy principles.
You can also check out NAR’s complete taking points here.
As previously reported, at the state level HAR was able to get the corrective legislation passed onto the Governor for signature to keep Hawaii in the NFIP. That bill is NOT on the Governor’s veto list so it is set to become law on July 11th.