ABSTRACT

What Happens If the National Flood Insurance Program (NFIP) Lapses? [December 5, 2017]   [open pdf - 140KB]

"This Insight provides a short overview of what would happen if the NFIP were not to be reauthorized by December 8, 2017, and allowed to lapse. [...] The National Flood Insurance Program (NFIP) is authorized by the National Flood Insurance Act of 1986 (Title XIII of P.L. 90-448, as amended, 42 U.S.C. §§4001 et seq.). The NFIP does not contain a single comprehensive expiration, termination, or sunset provision for the whole of the program. Rather, the NFIP has multiple different legal provisions that generally tie to the expiration of key components of the program. Authorization of the NFIP was extended from September 30, 2017, until December 8, 2017 (Section 130 of P.L. 115-56)."

Report Number:
CRS Insight, IN10835
Author:
Publisher:
Date:
2017-12-05
Series:
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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