As you may have seen, Sen. Kennedy attempted for second time this month to extend the National Flood Insurance Program by passing his bill on the Senate floor. His effort—which would have prevented the NFIP from lapsing on Sept. 30 by extending the program for three months—was blocked.
Key remarks from Kennedy are below:
0:00 – 1:06 “I will be the first to concede that America needs a National Flood Insurance Program that looks like we designed it on purpose. What we have now does not look like that. To call it imperfect is an understatement, but only thing worse than having what we have right now is to not have a National Flood Insurance Program at all. The fact of the matter is, that for all practical purposes people who are at risk for flooding cannot buy from the private markets, which means they can’t buy a home, which means their mortgages would be foreclosed upon. That's why we have a National Flood Insurance Program.”
1:16 – 2:27 “I believe the government is going to shut down tomorrow or at least Saturday, rather. I hope not, but I believe it is. And if it does, the National Flood Insurance Program will be shut down. I don’t want to scare people half to death—it doesn't mean that FEMA, which runs the NFIP, will stop paying claims, but it will shut down commerce if nothing else because FEMA can’t issue new policies. And again, I realize it's not perfect, but we are in hurricane season. Let me say that again: We are in hurricane season. Is this important to my state? You bet, but it's not just important to my state. It's important to every single coastal state. And that's why I would like to see us expand this program for a very, very short period of time. My bill is a clean extension. It doesn't make any changes to the program. I wish I had the authority to make changes, but I don't.”
10:15 – 10:55 “The homes in Louisiana that need flood insurance are not mansions. These are the homes of working people. These are modest homes being paid for by people who get up every day, go to work, obey the law, pay their taxes, and try to do the right thing by their kids. I don't know about millionaires that Senator Paul was talking about. Again, maybe they're in Kentucky, but they're not in Louisiana. My coast is a working coast.”
15:34 – 17:13 “When reality calls you shouldn't hang up. And that's what we've done here today. Because this government is going to shut down. I hope I'm wrong—God, I hope I'm wrong, but I think this government is going to shut down midnight Sunday night, and the National Flood Insurance Program is going to shut down right smack dab in the middle of hurricane season. I thought the first role of government—I thought this is what Republicans believe; I thought this is what Libertarians believe—the first role of government is to protect people and property. And all the United States Senate has done today is expose ordinary Americans—not millionaires, ordinary Americans—who live in modest homes, who get up every day—I’m going to say it again—and go to work, and obey the law, and pay their taxes, and try to do the right thing by their kids, and whose home is their biggest asset, and we're going to tell them, ‘It’s okay. Even though you can't buy the flood insurance from a private provider, the government is going to stop you from buying it from the National Flood Insurance Program.’ Right the middle of hurricane season. That’s not what this country is all about.”
Background on Kennedy’s efforts to improve and protect flood insurance for the 500,000 Louisianians who depend on it:
On Sept. 28, 2023 the Senate blocked Kennedy’s bill to protect flood insurance for three months from passing on the Senate floor. The bill would have extended the NFIP through Dec., 31, 2023.
On Sept. 13, 2023 the Senate blocked Kennedy’s NFIP Extension Act of 2023 from passing on the Senate floor. The bill would have extended the NFIP through Sept., 30, 2024.
In July 2023, Kennedy first introduced the NFIP Extension Act of 2023 to ensure that the program would not lapse on its expiration date.
In June 2023, Kennedy helped introduce the National Flood Insurance Program Reauthorization Act to reauthorize the NFIP for five years and cap annual policy premium hikes.
In 2019, Kennedy’s National Flood Insurance Program Extension Act of 2019 became law.
In 2018, Kennedy’s first National Flood Insurance Program Extension Act became law.
In addition, Kennedy has helped ensure that multiple continuing resolutions to fund the federal government have included an extension of the NFIP.
