NFIP Extension Act of 2024
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The NFIP Extension Act of 2024 is a Senate bill introduced in the 118th Congress aimed at extending the National Flood Insurance Program (NFIP). The bill was read twice and referred to the Committee on Banking, Housing, and Urban Affairs but ultimately failed or expired without further legislative action. The bill text and official summary are not available, limiting detailed analysis. The NFIP is a federal program that provides flood insurance to property owners, renters, and businesses, and extensions typically seek to continue the program's authorization and funding.
This bill sought to extend the National Flood Insurance Program but did not advance beyond committee referral and expired without passage.
- The bill is titled the NFIP Extension Act of 2024 and was introduced in the Senate during the 118th Congress.
- Its primary purpose was to extend the National Flood Insurance Program, a federal program providing flood insurance.
- The bill was referred to the Senate Committee on Banking, Housing, and Urban Affairs but did not progress further and expired.
['Property owners, renters, and businesses in flood-prone areas who rely on the NFIP for flood insurance coverage.', 'Federal agencies involved in administering the NFIP, including the Federal Emergency Management Agency (FEMA).', 'Insurance industry stakeholders engaged with the NFIP.']
['Lack of available bill text and summary limits understanding of specific provisions and funding mechanisms.', 'Failure to pass the bill could result in a lapse of NFIP authorization, affecting insurance availability and federal flood risk management.', 'Potential oversight and implementation challenges remain unclear due to missing detailed legislative language.']
The NFIP requires periodic reauthorization by Congress to continue operations. This bill was part of routine legislative efforts to extend the program. Referral to the Committee on Banking, Housing, and Urban Affairs is standard procedure for legislation related to housing and financial services. The bill's failure to advance reflects the legislative process and priorities during the 118th Congress.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['A lapse in NFIP authorization could increase financial risk for property owners in flood zones due to lack of federally backed insurance.', 'Potential strain on state and local governments to manage flood risk without federal program support.', 'Insurance market disruptions if the NFIP is not extended, affecting premiums and coverage availability.']
The absence of the bill's full text and official summary limits transparency and public oversight. Tracking the bill's referral and expiration status is important for understanding legislative progress and potential gaps in flood insurance coverage continuity. Future legislative efforts should ensure timely publication of bill texts and summaries to facilitate informed public and stakeholder engagement.
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