U.S. Sens. Cindy Hyde-Smith (R-Miss.), John Kennedy (R-La.), Bill Cassidy, (R-La.) and Marco Rubio (R-Fla.) introduced legislation to authorize a one-year extension to the National Flood Insurance Program (NFIP), which is set to expire on Sept. 30, 2022.
“The White House needs to roll back their disastrous Risk Rating 2.0 system that is increasing rates for Louisiana families. In the meantime, we cannot let the National Flood Insurance Program expire and throw homeowners into the brink this hurricane season,” Cassidy said.
“Louisiana’s families rely on their flood policies to help them when bad weather wrecks their homes and businesses. Between storms and flooding, I can’t express enough how important extending the NFIP is for my state, especially now that we’re in the middle of hurricane season,” Kennedy said.
“I look forward to a time when Congress will agree on a long-term reauthorization of the NFIP. Until then, I recognize the importance of the NFIP to many Mississippi families and businesses and will act to see that the program does not lapse,” Hyde-Smith said.
The bill would extend the program until Sept. 30, 2023. If the bill is passed after Sept. 30, 2022, the amendments would take effect as if enacted on Sept. 30, 2022.