The National Association of Realtors (NAR) is urging Congress to support long-term reauthorization and reform of the National Flood Insurance Program (NFIP). Last month, senators Cory Booker (D-NJ) and Bill Cassidy (R-LA) requested public input on 46 questions covering NFIP reauthorization, mapping, mitigation and other reforms. NAR submitted comments to the senators and the Senate Banking Committee with recommendations including long-term authorization, modernizing flood mapping, more federal assistance to help reduce risk and insurance costs, private flood insurance options, and disclosure that would provide buyers with information about NFIP claims and other relevant property flood facts. NAR emphasized the need to build on broad bipartisan efforts, such as the NFIP Reauthorization Act unanimously passed by the House Financial Services Committee in the 116th Congress. NAR believes pairing long-term reauthorization with reforms has strong support across the aisle in both chambers. Read more at the NAR website.
Source: NAR; 9/18/2025