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ABA: The American Bankers Association

Flood Insurance Reform Act

The National Flood Insurance Act of 1968 and related legislation created the National Flood Insurance Program, which makes federally backed flood insurance available to owners of improved real estate. In 2012, Congress encouraged the development of a private market for flood insurance in the Biggert-Waters Act.

ABA continues its advocacy on private flood acceptance and NFIP reform and reauthorization.

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Diana Banks

Senior Counsel, Fair & Responsible Banking

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