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Washington, D.C. – Today, U.S. Senator Marco Rubio (R-FL), along with Senators John Kennedy (R-LA), Bill Cassidy (R-LA) and Robert Menendez (D-NJ) introduced legislation to reauthorize the National Flood Insurance Program (NFIP) through September 30, 2019. The legislation would ensure retroactive coverage in the event of a programmatic lapse. The NFIP is currently set to expire on December 7, 2018.
“While I am frustrated with the continued need for extensions, it has become clear that we need additional time to come to a consensus on bipartisan and bicameral reforms to the NFIP,” Rubio said. “Floridians who rely on this program cannot afford this uncertainty when we enter the 2019 hurricane season. I urge my colleagues to pass this important extension as soon as possible.”
“More than five million Americans depend on the National Flood Insurance Program,” Kennedy said. “I want to thank Sen. Rubio for his work on this long-term extension that is vital to families and the economy. For those of us who live along the Gulf Coast, the NFIP means we don’t have to worry every time it rains.”
“We must prevent the National Flood Insurance Program from lapsing and set the stage for long-term reforms,” said Dr. Cassidy. “We need a more accountable, affordable and sustainable system that is good for Louisiana and good for taxpayers.”
“The National Flood Insurance Program needs to be comprehensively reformed to make the program more fair, affordable, efficient and solvent, which is what my SAFE NFIP would do,” said Menendez. “But with the NFIP extension expiring it’s critical that we prevent a lapse that would disrupt the real estate market and leave thousands of families uninsured and vulnerable. This extension will give Congress time to pass a long-term reauthorization with real, meaningful reforms in line with my SAFE NFIP Act, which is the most bipartisan flood insurance bill in the Senate.”
Timeline of Rubio’s Efforts on the National Flood Insurance Program
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