National Advocacy

NAR Federal Update: February 6, 2019

Click here to see the update.

National Flood Insurance Program (NFIP)

U.S. House Resolution 2874, The House Flood Reform Bill

While there is broad agreement that the 50-year-old NFIP needs a major overhaul, there is not yet agreement in the Senate over how to do that.

For example, independent actuaries have shown that the private market could offer better coverage at lower cost than the NFIP for many property owners. However, some Senators are concerned that, if allowed to choose between private plans and overpriced NFIP policies, some policyholders could leave, taking revenue that NFIP could use to pay the claims of the policyholders who remain. While Florida Citizens has tested and proven this argument to be unfounded, in the Senate, it takes at least 60 votes to move legislation and so it is taking some time for both sides to find a way forward.

What NAR members can do in the meantime is keep reminding Congress:

  • Don’t let the NFIP lapse. Each lapse costs 40,000 property sales per month.
  • Without reauthorization, NFIP cannot issue or renew policies in 22,000 communities where flood insurance is required for a mortgage.
  • The House Flood Reform Bill (H.R. 2874) would fully reauthorize the program for five years.
  • The Senate should take up and amend the House bill to strengthen the flood mapping and mitigation provisions but retain the private-market and NFIP-rate reforms.

Click here for the full NAR Talking Points on flood insurance from the May Legislative Meetings.
Click here to learn more about NAR’s advocacy on the Flood program.



The Tax Cuts and Jobs Act

What It Means for Homeowners and Real Estate Professionals

Download the NAR Issues Brief HERE.

NAR’s Economists’ Outlook Blog looks at the areas hit hardest by tax reform, and provides access to see the local impacts.

Show Your Support for the National Flood Insurance Program


  • Long-term Reauthorization Is Critical
  • Accurate Flood Maps Are Essential
  • Risk Mitigation Keeps Rates Affordable
  • Private Market Options Must Be Included

From NAR:

The National Association of REALTORS (NAR) needs your help to drive messages to Members of Congress urging them to support H.R. 2874, “The 21st Century Flood Reform Act.”

H.R. 2874 reauthorizes the NFIP and makes a number of critical improvements to the NFIP including increased funds for mitigation activities, caps on overall premium increases, improved claim and mapping processes, as well as removing hurdles for more private market participation in the flood insurance market. Reauthorization of the NFIP will help over 5 million homeowners in 22,000 communities around the country, so it is critical Congress acts now.

Congress has again extended the NFIP; it will expire Dec. 7, 2018.More information:
Key Talking Points
HR 2874 Bill Summary on
NAR Section-By-Section Analysis of HR 2874
NAR Flood Insurance Portal



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