NFIP Extension Act of 2026

Overview: HR 5577, the NFIP Extension Act of 2026, was introduced in the House on September 26, 2025.

Purpose and Intent: The bill aims to reauthorize and extend the National Flood Insurance Program (NFIP), which provides affordable flood insurance coverage to homeowners, renters, and businesses in participating communities. The NFIP's current authorization is set to expire in 2026, and this legislation would ensure the program's continued operation.

Key Provisions:
- Extends the NFIP's authorization for an additional 10 years, from 2026 to 2036
- Increases the program's borrowing authority from the Treasury to $30 billion to ensure sufficient funds for claims and operations
- Requires the Federal Emergency Management Agency (FEMA) to update flood maps and risk assessments on a regular basis
- Directs FEMA to study the feasibility of incorporating climate change projections into the NFIP's risk modeling and pricing

Affected Parties and Impacts: The NFIP Extension Act would directly benefit millions of homeowners, renters, and businesses located in flood-prone areas by ensuring the continued availability of affordable flood insurance coverage. State and local governments, as well as the real estate and construction industries, would also be impacted by the program's extension.

Procedural and Timeline Considerations: The NFIP Extension Act has been introduced in the House and is currently awaiting further action in the legislative process. If passed, the bill would need to be reconciled with any similar legislation in the Senate before being sent to the President for signature.