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ABA: The American Bankers Association
Letter to Congress & Regulators

Letter to Senate on NFIP Reauthorization Reform

  • Published September 11, 2025

Re: Request for Information on NFIP Reauthorization and Reform
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Dear Senators Cassidy and Booker:

The American Bankers Association (ABA) appreciates the opportunity to provide input as the Senate considers the future of the National Flood Insurance Program (NFIP). ABA members are committed to supporting borrowers and communities in strengthening flood resilience and ensuring continued access to affordable, reliable flood insurance coverage.

As noted in the Request for Information (RFI), for more than half a century, the NFIP has played a vital role in providing American homeowners with access to affordable flood insurance. Equally important, the program underpins the stability of the U.S. housing finance system by protecting borrowers, lenders, investors and communities from the financial risks of flooding. Stability and clarity in the NFIP’s administration are therefore essential.

I. Reauthorization

A long-term reauthorization of the NFIP has consistently been a top priority for ABA and our members. Stability in the program is essential to ensuring that borrowers in flood-prone areas can obtain the insurance necessary to protect their homes and banks can protect the collateral securing their mortgage loans. For this reason, ABA has long advocated for a five-year NFIP reauthorization to provide predictability and prevent disruptive lapses of the program.

Download the letter to read the full text.

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