After years of short-term extensions, housing and insurance groups are advocating Congress to pass a long-term reauthorization of the NFIP, essential for stability.
Austin Perez highlighted the collective effort to ensure that until a long-term solution is reached, Congress must not allow the NFIP to lapse again.
The NFIP, created in 1968, has seen 31 short-term extensions since its last long-term authorization expired in 2017, emphasizing a critical need for reform.
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