Nation's Building News Online

Congress Delays Decision on Flood Insurance

Before adjourning for Thanksgiving, the House and Senate agreed on a compromise regarding the National Flood Insurance Program (NFIP), and reauthorized it for an additional 90 days through March 31, 2004.

Weeks ago, the Senate passed a one-year extension of the NFIP. However, the House insisted on programmatic reforms, which the Senate was unwilling to consider.

Before the compromise was reached, the House approved a modified version of H.R. 253, the “Flood Insurance Reform Act of 2003,” sponsored by Rep. Doug Bereuter (R-NE). Changes to the bill, negotiated with Rep. Richard Baker (R-LA), included provisions addressing properties that have filed claims payments on numerous occasions.

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House passage of H.R. 253 sets the stage for House-Senate negotiations next year on legislation to reform the NFIP and allow for a long-term reauthorization of the program.

In the interim, there will be no disruptions to the program through March.

To read the House legislation, click here, and enter H.R. 253 in the box at the upper left.

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