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Photo by South Carolina National Guard.
Public Domain.
UPDATE: Congress approved a
one-week extension of the current federal budget late on Dec. 15. The flood program is now due to expire at 11:59 pm on Dec. 23.
The
National Flood Insurance Program will run out of authorization to operate on Dec. 16, barring congressional action. The program, which Congress has authorized on a temporary basis since its inception in 1968, will lose the ability to issue or renew policies on that date.
Reauthorization of the NFIP is not controversial. However, its authorization is tied to approval of an overall spending plan for the federal government. The government's fiscal year ends on September 30 each year. In most years, Congress fails to adopt a budget before the fiscal year end and the government operates under short-term funding measures known as
"continuing resolutions." Continuing resolutions authorize government spending until a certain date. The most recent continuing resolution runs out on Dec. 16.
Congressional negotiators are
working on a deal that would keep the government open until Dec. 23, giving them a week to work out a spending plan for the rest of the fiscal year. If that deal becomes law, the NFIP will operate as normal until that date, at which time it would again be scheduled to expire. |
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