National Flood Insurance Program Extension Act of 2022

Hozzl · 2022-12-29T17:18:47Z

Explore the details of House Bill 8036 National Flood Insurance Program Extension Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/29/2022, 5:18 PM

Summary of Bill HR 8036

Bill 117 hr 8036, also known as the National Flood Insurance Program Extension Act of 2022, is a piece of legislation that aims to extend the National Flood Insurance Program (NFIP) until September 30, 2022. The NFIP is a federal program that provides flood insurance to property owners in flood-prone areas, as private insurance companies typically do not offer coverage for flood damage.

The bill was introduced in response to the expiration of the NFIP on September 30, 2021, and the need to ensure that property owners in flood-prone areas continue to have access to affordable flood insurance. The extension of the NFIP is crucial for homeowners, businesses, and communities that rely on the program to protect their properties and recover from flood damage.

The National Flood Insurance Program Extension Act of 2022 includes provisions to extend the NFIP until September 30, 2022, and authorize funding for the program during this period. The bill also includes measures to improve the financial stability of the NFIP, enhance flood mapping and risk assessment capabilities, and promote mitigation efforts to reduce the impact of flooding on communities. Overall, the National Flood Insurance Program Extension Act of 2022 is a critical piece of legislation that ensures the continued availability of flood insurance for property owners in flood-prone areas and helps to protect communities from the devastating effects of flooding.

Congressional Summary of HR 8036

National Flood Insurance Program Extension Act of 2022

This bill reauthorizes the National Flood Insurance Program through December 31, 2023.

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Current Status of Bill HR 8036

Bill HR 8036 is currently in the status of Bill Introduced since June 13, 2022. Bill HR 8036 was introduced during Congress 117 and was introduced to the House on June 13, 2022. Bill HR 8036's most recent activity was Referred to the House Committee on Financial Services. as of June 13, 2022

Bipartisan Support of Bill HR 8036

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Policy Area and Potential Impact of Bill HR 8036

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 8036

National Flood Insurance Program Extension Act of 2022National Flood Insurance Program Extension Act of 2022To extend the National Flood Insurance Program, and for other purposes.

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