Here we go again—flood insurance program set to expire

It’s August. And that means the National Flood Insurance Program (NFIP) is about to expire.


Congress has been unable to pass a long-term reauthorization of the program for years. And so, every year—usually in some appropriations measure—Congress reauthorizes the program until the end of the next fiscal year.

“Congress has repeatedly reauthorized the program on a short-term basis—21 times to be exact—that’s no way to run a railroad,” Senate Banking Committee ranking Republican Patrick Toomey of Pennsylvania said in June, as the committee opened yet another hearing on the NFIP.


continue reading »