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Flood Insurance Rate Freeze Extended Until September 2022.

This act temporarily halts increases in flood insurance rates under the National Flood Insurance Program (NFIP) until September 30, 2022. This means citizens with flood insurance will not see changes in their premium amounts during this period, potentially offering financial relief.
Key points
Flood insurance rates will remain at current levels until September 30, 2022.
FEMA cannot adjust or increase flood insurance premiums during this period.
Citizens with flood insurance can expect stable costs for the next year.
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Additional Information
Print number: 117_S_2869
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-09-28