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1 1 (July 22, 2020)

handle is hein.crs/govdbbp0001 and id is 1 raw text is: Researh Sevice What Happens If the National Flood Insurance Program (NFIP) Lapses? Updated July 22, 2020 This Insight provides a short overview of what would happen if the National Flood Insurance Program (NFIP) were not to be reauthorized by September 30, 2020, and allowed to lapse. Expiration of Certain NFIP Authorities The National Flood Insurance Program (NFIP) is authorized by the National Flood Insurance Act of 1968 (Title XIII of P.L. 90-448, as amended, 42 U.S.C. §§4001 et seq.). The NFIP does not contain a single comprehensive expiration, termination, or sunset provision for the whole of the program. Rather, the NFIP has multiple different legal provisions that tie to the expiration of key components of the program. Since the end of FY2017, 15 short-term NFIP reauthorizations have been enacted. The NFIP is currently authorized until September 30, 2020. Authorization of the NFIP was extended from September 30 until December 8, 2017 (P.L. 115-56), extended until December 22, 2017 (P.L. 115-90), and again until January 19, 2018 (P.L. 115-96). The NFIP lapsed between January 20 and January 22, 2018, and received a fourth short-term reauthorization until February 8, 2018 (P.L. 115-120). This legislation also authorized FEMA to honor all policy-related transactions accepted during the NFIP lapse. The NFIP lapsed again for approximately eight hours during a brief government shutdown in the early morning of February 9, 2018, and was then reauthorized until March 23, 2018 (P.L. 115-123). The NFIP received a 6th reauthorization until July 31, 2018 (P.L. 115-141), a 7th until November 30, 2018 (P.L. 115-225), an 8th until December 7, 2018 (P.L. 115-281), a 9th until December 21, 2018 (P.L. 115-298), a 10th until May 31, 2019 (P.L. 115- 396), an 11th until June 14, 2019 (P.L. 116-19), a 12th until September 30, 2019 (P.L. 116-20), a 13th until November 21, 2019 (P.L. 116-59), a 14th until December 20, 2019 (P.L. 116-69), and a 15th reauthorization until September 30, 2020 (P.L. 116-93). The cancellation of $16 billion of NFIP debt (P.L. 115-72) had no effect on the impact of a lapse of NFIP authorization. Unless reauthorized or amended by Congress, the following will occur on September 30, 2020: Congressional Research Service https://crsreports.congress.gov IN10835 CRS NSIGHT Prepard for fembeivs aid

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