National Flood Insurance Program Reauthorization Act of 2004
Latest Action
Became Public Law No: 108-171.
Official Summary
National Flood Insurance Program Reauthorization Act of 2004 - Amends the National Flood Insurance Act of 1968 to extend through March 31, 2004: (1) the authority to enter into new flood insurance contracts under the national flood insurance program; (2) the authority under which the Director of the Federal Emergency Management Agency may issue notes and other obligations to the Secretary of the Treasury for the purpose of carrying out the program; (3) requirements for carrying out emergency implementation of the program; and (4) the authorization of appropriations for carrying out studies under the Act.
GovScope Watchdog™
AI Government Intelligence™This bill reauthorizes the National Flood Insurance Program (NFIP) through March 31, 2004, by extending the authority to enter into new flood insurance contracts and allowing the Federal Emergency Management Agency (FEMA) to issue financial obligations to the Treasury to support the program. It also continues provisions for emergency implementation and funding for related studies under the National Flood Insurance Act of 1968. The bill was enacted into law on December 6, 2003.
The bill extends key authorities and funding for the National Flood Insurance Program to maintain flood insurance availability and program operations for a limited time.
- Extends authority to enter into new flood insurance contracts under the NFIP through March 31, 2004.
- Continues FEMA's authority to issue notes and obligations to the Treasury to finance the program.
- Maintains requirements for emergency implementation and authorizes appropriations for studies under the Act.
Homeowners, property owners, insurance providers, and communities in flood-prone areas benefit from the continued availability of federally backed flood insurance and the operational support of the NFIP. FEMA and the Treasury Department are involved in program administration and financing.
The bill extends existing authorities for a limited period but does not address long-term program reforms or funding sustainability. Potential concerns include the temporary nature of the extension and the absence of detailed provisions on program improvements or cost controls.
As a Senate-originated bill in the 108th Congress focused on emergency management, this legislation passed and became public law in late 2003, reflecting congressional action to maintain continuity of the NFIP.
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GovScope reviewed 11 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
By extending the NFIP authorities, the bill supports continued flood insurance availability, which may indirectly influence real estate markets, community planning, and disaster preparedness in flood-prone areas.
The bill text is not provided, limiting detailed analysis. The extension is short-term, suggesting further legislative action may be needed for long-term program stability. Citizens may want to monitor future reauthorizations and any proposed reforms to the NFIP.
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