1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Financial Services Provisions in the FY2022 Consolidated Appropriations Act (P.L. 117-103) March 24, 2022 On March 15, 2022, the Consolidated Appropriations Act, 2022 (H.R. 2471, also called the “FY2022 omnibus”), was sign
2、ed into law as P.L. 117-103. The act includes a number of divisions not directly related to appropriations that address various policy areas. This Insight summarizes the provisions related to financial services that appear outside of the appropriations divisions of the act. Division O, Title IFlood
3、Insurance Title I of Division O reauthorizes the National Flood Insurance Program (NFIP) until September 30, 2022. The statute for the NFIP does not contain a comprehensive expiration, termination, or sunset provision for the whole of the program. Rather, the NFIP has multiple different legal provis
4、ions that generally tie to the expiration of key components of the program. Since the end of FY2017, 19 short-term NFIP reauthorizations have been enacted. Unless reauthorized or amended by Congress, on September 30, 2022, (1) the authority to provide new flood insurance contracts will expire, and (
