This week, the U.S. House of Representatives and Senate passed H.R. 9747, the Continuing Appropriations and Extensions Act, which will fund the federal government and extend the National Flood Insurance Program (NFIP) through Dec. 20. 

The Big “I" has consistently voiced strong support for the NFIP and reminded Congress of the critical role that it plays in the lives of millions of Americans who rely upon it for flood insurance. A top Big “I" priority is to make sure the NFIP does not lapse, especially during peak hurricane season. 

Among other issues, a lapse in the NFIP would prohibit the program from issuing new policies that prospective homebuyers and lenders need to close sales. In addition to derailing property transactions, it would create uncertainty for the housing and insurance markets.

The Dec. 20 deadline sets up another showdown between the two political parties. Neither chamber has come close to passing the 12 appropriations bills required to fund the federal government—the House has passed five, the Senate zero—which means Congress is looking at a large year-end spending package. The size and scope of that package will largely be determined by which side emerges victorious in the election on Nov. 5.

As Congress continues its efforts to fund the federal government and reauthorize the NFIP, the Big “I" will continue to monitor developments, advocate for independent agents and provide updates through the News & Views e-newsletter. 

Raaed Haddad is Big “I" director of federal government affairs.