WASHINGTON – Sen. Chuck Grassley (R-Iowa)
today joined Sens. Marco Rubio (R-Fla.), John Cornyn (R-Texas), Cindy
Hyde-Smith (R-Miss.) and Bill Cassidy (R-La.) in introducing legislation, the
NFIP
Extension Act of 2021, to reauthorize the National Flood Insurance
Program (NFIP) through December 3, 2021.
“Unfortunately, Iowans are no stranger to
severe flooding. The National Flood Insurance Program is a critical piece of
the puzzle when responding to flooding and the disastrous aftermath,” Grassley said. “It’s very important
that this program is extended so coverage remains for disasters and real estate
transactions can continue.”
The NFIP
Extension Act of 2021 would ensure that the program – currently set to
expire this month – does not experience a lapse in authorization, which would
have potentially devastating consequences for homeowners, renters and
businesses. With the U.S. House of Representatives expected to pass an
NFIP extension tied to controversial, unrelated items, it is imperative the
program not lapse.