NFIP Extension Act of 2025

Hozzl · 2025-03-26T12:52:17Z

Explore the details of Senate Bill 824 NFIP Extension Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/26/2025, 12:52 PM

Summary of Bill S 824

Bill 119 s 824, also known as the National Flood Insurance Program Reauthorization Act, is a piece of legislation that aims to extend the National Flood Insurance Program (NFIP). The NFIP is a government program that provides flood insurance to homeowners, renters, and businesses in flood-prone areas.

The bill seeks to reauthorize the NFIP for a period of five years, ensuring that the program continues to provide coverage for those in need. It also includes provisions to improve the financial stability of the program, such as increasing premiums for policyholders and updating flood mapping technology to better assess risk.

Additionally, the bill includes measures to promote mitigation efforts to reduce the impact of flooding, such as providing incentives for property owners to take steps to protect their homes and businesses from flood damage. Overall, Bill 119 s 824 is aimed at ensuring that the NFIP remains a viable and effective program for providing flood insurance coverage to those at risk of flooding, while also encouraging proactive measures to mitigate the impact of floods on communities across the United States.

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Current Status of Bill S 824

Bill S 824 is currently in the status of Bill Introduced since March 4, 2025. Bill S 824 was introduced during Congress 119 and was introduced to the Senate on March 4, 2025. Bill S 824's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 4, 2025

Bipartisan Support of Bill S 824

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 824

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 824

NFIP Extension Act of 2025NFIP Extension Act of 2025A bill to reauthorize the National Flood Insurance Program.

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Sponsors and Cosponsors of S 824

John Kennedy

Louisiana(Republican)

Bill Cassidy

Louisiana(Republican)

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