Flood Insurance Program Will Swell But Not Breach

Congress will reauthorize and revamp the National Flood Insurance Program before it expires at the end of September. Lawmakers are in no mood to let the program lapse in the wake of Hurricane Harvey. What’s less certain is just how extensive those reforms will be.

The 49-year-old Federal Emergency Management Agency program enables property owners in flood-prone areas to purchase flood insurance that is administered and backed by the federal government. Local governments must adopt and enforce floodplain management plans for their communities to be eligible.

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