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Statement

ABA Statement on Senate Extension of National Flood Insurance Program

“ABA applauds the Senate for voting to ensure the continuity of the National Flood Insurance Program with a four-month reauthorization. Avoiding a lapse in program authority will protect borrowers from closing delays, additional costs and other complications.
 
“We now urge lawmakers to turn their attention to a long-term reauthorization of the program that includes necessary reforms to ensure sustainability and availability in the future. We look forward to working with lawmakers to address these critically important issues over the next four months.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, midsize, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.

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Blair Bernstein

(202) 663-5468

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