WASHINGTON, D.C. – U.S. Senator Bob Menendez today introduced bipartisan legislation along with Senators John Kennedy (R-La.), Marco Rubio (R-Fla.) and Bill Cassidy (R-La.) to reauthorize the National Flood Insurance Program (NFIP) for six months. Without action, funding for the NFIP will expire on Nov. 30.
“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 Sen. Bob Menendez. “But with the NFIP set to expire in about two weeks and no movement on the horizon, it’s critical that we prevent a lapse that would disrupt the real estate market and leave thousands of families uninsured and vulnerable. This six month 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.”
On October 29, Senator Menendez marked the six-year anniversary of Superstorm Sandy with Senator Booker, Governor Murphy, Congressman Pallone, Sandy survivors and advocacy organizations to urge Congress to pass his SAFE NFIP Act.
April 22, 2021