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See what we did there? "Bailed out"? Get it?
There are more flood jokes where that came from.
In the meantime, the National Flood Insurance Program is back in business for 78 days. Last night, the president signed into law a bill that extended the federal government’s funding until January 30, 2026. That funding had lapsed when the government’s fiscal year ended on September 30. The result was the longest federal government shutdown in U.S. history.
Congress has tied the NFIP’s authorization to operate to the expiration of the fiscal year. When they do not appropriate funds to run the government, the NFIP’s authorization expires. That is what happened this year.
The House of Representatives gave final approval to a funding extension bill yesterday and rushed it to the president for his signature. Presumably, the White House and congressional leaders will begin negotiating a new measure to fund the government after January 30. Should their efforts prove unsuccessful, the NFIP will lapse again. We suggest that you prepare your clients and your agencies for that possible outcome.
Stay tuned.
“The past is never dead. It’s not even past.” — William Faulkner