Summary of HR 2822 - National Flood Insurance Program Extension

Bill Number: HR 2822

Title: To extend the National Flood Insurance Program through December 31, 2026

Status: Introduced in House

Introduced Date: April 10, 2025

Classification: Bill

Purpose and Intent

The primary purpose of HR 2822 is to extend the National Flood Insurance Program (NFIP) until December 31, 2026. This extension aims to ensure continued access to flood insurance for property owners in flood-prone areas, thereby promoting resilience against flood-related disasters.

Key Provisions

The bill proposes the following amendments to the National Flood Insurance Act of 1968:

1. Extension of Program Duration:
   • Section 1309(a): The expiration date of the NFIP is amended from September 30, 2023, to December 31, 2026.
   • Section 1319: Similarly, this section is amended to reflect the new expiration date of December 31, 2026, replacing the previous date of September 30, 2023.

These changes ensure that the NFIP remains operational and can continue to provide flood insurance coverage to homeowners and businesses at risk of flooding.

Who Would Be Affected

The extension of the NFIP would primarily benefit:

• Homeowners and Property Owners: Individuals living in flood-prone areas who rely on the NFIP for affordable flood insurance coverage.
• Local Governments: Municipalities that may face increased flood risks and need to ensure their residents have access to insurance.
• Insurance Providers: Companies that participate in the NFIP and provide flood insurance policies.

Legislative Process and Timeline

• Introduced: The bill was introduced in the House on April 10, 2025.
• Referred to Committee: On the same day, it was referred to the House Committee on Financial Services for further consideration.

Related Legislation

HR 2822 has a companion bill, S 1015, which is likely to be considered in the Senate. The existence of a companion bill indicates bipartisan interest in extending the NFIP and may facilitate a smoother legislative process.

Conclusion

HR 2822 seeks to provide critical support to flood-prone communities by extending the National Flood Insurance Program through the end of 2026. This extension is vital for maintaining access to flood insurance, thereby enhancing community resilience against flooding events. The bill is currently under consideration in the House Committee on Financial Services.