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Financial Services Law Insights and Observations

Continuing Resolution Extends National Flood Insurance Program Deadline to December 22

Federal Issues OCC Bank Regulatory National Flood Insurance Program Trump

Federal Issues

As previously reported in InfoBytes, the House voted 237-189 on November 14 to pass legislation reforming and reauthorizing the National Flood Insurance Program (NFIP) for five years before it expired at the beginning of December. A continuing resolution (H.J. Res. 123), passed by both the Senate and House and signed into law by President Trump on December 8, amended the expiration date of Fiscal Year 2018 appropriations to December 22, and extended the NFIP another two weeks. The Senate Banking Committee is still waiting to act on a flood insurance bill. 

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