Previous attempts to address the program's persistent, lingering debt by moving toward risk-based rates have met with considerable opposition. (Victor Moussa/Adobe Stock)
The May 18 hearing of the Senate Committee on Banking, Housing and Urban Affairs signaled the beginning of a period of Congressional activity in anticipation of the fast-approaching expiration date of the National Flood Insurance Program (NFIP). Its current authority will end on Sept. 30, 2021.
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