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Public Statements

National Flood Insurance Program Extension Act

Floor Speech

Location: Washington, DC


Mr. HASTINGS of Florida. Mr. Speaker, I rise to express my disappointment that this House is once again considering a short-term extension to the National Flood Insurance Program.

It has been nearly ten years since the program was last reauthorized, and the need for reauthorization has only grown more pressing. While a lapse in the program would be detrimental to countless homeowners, the program cannot continue to be sustained through a patchwork of short-term extensions.

Last July, the House of Representatives passed a long-term extension of the program with broad bipartisan support. Shortly after, the Senate Banking Committee reported its own reauthorization which is now simply gathering dust in the Senate. With the start of hurricane season only weeks away, now is not the time for the Senate's typical complacency.

Floods affect every state in the Union, and all Americans deserve the comfort of knowing they will be able to continue to benefit from the security that the National Flood Insurance Program has provided homeowners and lending institutions since 1968.

This program must be modernized and reformed to meet the realities of American homeowners and taxpayers. I urge my Senate colleagues to swiftly bring their reauthorization bill to the floor so that we can finally move a long-term reauthorization forward.


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