[20211209]IN10784_国家洪水保险计划借款机构.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i National Flood Insurance Program Borrowing Authority Updated December 9, 2021 This Insight evaluates the National Flood Insurance Program (NFIP) borrowing authority to receive loans from the Treasury and the current financial situation of the NFIP. NFIP Funding Funding for the NFIP is primarily maintained in an authorized account called the National Flood Insurance Fund (NFIF). The NFIP is funded from receipts from the premiums of flood insurance policies, including fees and surcharges; direct annual appropriations for specific costs of the NFIP (only for flood mapping); and borrowing from the Treasury when the NFIFs balance has been insufficient to pay the NFIPs obligations (e.g., insurance claims). Since the end of FY2017, 18 short-term NFIP reauthorizations have been enacted. For further details of these reauthorizations, see CRS Insight IN10835, What Happens If the National Flood Insurance Program (NFIP) Lapses? The current reauthorization is set to expire on February 18, 2022. These extensions did not increase the NFIPs borrowing limit or provide additional funds to the NFIP. NFIP Borrowing Authority