S 3628 Extending the National Flood Insurance Program (Roll Call 500)
This bill extends the National Flood Insurance Program through May 31, 2019. The program is over $20 billion in debt, and the extension lacks any reforms, including reforms to ensure flood maps are updated and that insurance premiums reflect actual risk. ACU believes flood insurance should be provided by the private sector and opposes this program, which discourages flood prevention measures and forces taxpayers to subsidize the risk of select property owners, and opposed this bill. The House passed the bill on December 21, 2018 by a vote of 315-48.