David,

I have read that bill and the conference report I sure don't see it.

According to the White House website, the bill signed by the President on the 17th only reauthorizes the NFIP through December 23rd. This is consistent with the latest information on the FEMA website. My understanding is that there is a bill that reauthorizes the NFIP through May 31, 2012, but it is awaiting the President's signature.

For the bill signed by the president, go here H. J. Res. 95

Public law 112-36 can be found here. The language reauthorizing the NFIP is in Section 130.

HR 2055 now appears on the "Pending Legislation" page of the White House web site. http://www.whitehouse.gov/briefing-room/pending-legislation

Go to page 200 of the enrolled version of HR 2055 and you will see the language that extends the NFIP through May 31, 2012. http://www.gpo.gov/fdsys/pkg/BILLS-112hr2055enr/pdf/BILLS-112hr2055enr.pdf Now we just need the President to sign the bill.

So are we to assume that it is extended to May 31, 2012 or does it actually expire on the 23rd?

As of this moment it expires on the 23rd (tomorrow). That will change as soon as the extension is signed - hopefully by tomorrow!

Let's keep our fingers crossed. Apparently it wasn't presented to the President until late yesterday. His office said he would sign it, but negotiations for a compromise on the payroll tax impasse may have put it on the back burner for today.

Then how come the ABA came out and said it has been signed by the President and that it was extended? It's confusing enough, but they don't need to add more to it!

I have been checking here:

http://www.fema.gov/business/nfip/

From the ABA today:

NFIP
President to Sign Bill With Flood Insurance Extension Today
President Obama today is expected to sign the $1 trillion appropriations bill (H.R. 2055) that was cleared by Congress last weekend and which includes a provision extending the National Flood Insurance Program through May 31, 2012. The president had signed a temporary spending bill Saturday that funded the government through today to allow time for the larger bill to be prepared and sent to the White House for signature.

IT WAS SIGNED!!! A CHRISTMAS MIRACLE

HR 2055

FEMA finally updated their site as well:

On December 23, 2011, President Obama signed the Fiscal Year (FY) 2012 omnibus appropriations bill that includes a provision extending the NFIP through May 31, 2012. We will continue to keep you informed of the status of NFIP reauthorization.

Last Modified: Tuesday, 03-Jan-2012 14:06:49 EST


from http://www.fema.gov/business/nfip/nfip-reauth.shtm

Any hope that the House will pass the version the Senate approved last week? Otherwise, it appears we'll go into early June when everyone returns from recess.

I hate going through this AGAIN!!!

From the ABA news Bite:

CONGRESS
House to Vote Today on 60-Day NFIP Extension
The House today is scheduled to vote on the Senate-passed version of a bill (H.R. 5740) that would extend the National Flood Insurance Program for 60 days. The legislation also includes a provision that would phase out premium-rate subsidies for people buying second homes and vacation homes in flood-prone areas. The NFIP’s current authorization is slated to expire at midnight on Thursday.

Meanwhile, Senate Majority Leader Harry Reid (D-Nev.) has agreed to schedule a floor debate in June on the Senate’s draft bill that would reauthorize the NFIP for five years. The Senate Banking Committee approved the legislation on Sept. 9. The House passed an NFIP five-year reauthorization and reform bill (H.R. 1309) last July.

From today's ABA Newsbytes:

CONGRESS
House Passes 60-Day Flood Insurance Program Extension
The House last night passed by voice vote -- and cleared for President Obama’s signature -- a bill (H.R. 5740) that will extend the National Flood Insurance Program for 60 days. The legislation, which the Senate passed on May 24, also includes a provision that will phase out premium-rate subsidies for people buying second homes and vacation homes in flood-prone areas. The NFIP’s current authorization is slated to expire at midnight tonight.

Meanwhile, Senate Majority Leader Harry Reid (D-Nev.) has agreed to schedule a floor debate in June on the Senate’s draft bill that would reauthorize the NFIP for five years. The Senate Banking Committee approved the legislation on Sept. 9. The House passed an NFIP five-year reauthorization and reform bill (H.R. 1309) last July,

Does this mean that 60 day extension is subject to President Obama's signature? If so, when we will know that the President has signed and the program is good for another 60 days?

Yes, it's subject to the President signing. You can track the status on this website: http://www.govtrack.us/congress/bills/112/hr5740#

If signed, the extension is valid until July 31, 2012.

The President signed HR 5740 into law. http://www.whitehouse.gov/briefing-room/signed-legislation

I checked the other link where it tracks the signed bills and it doesn't say that it was.

Here's a link to a bulletin that FEMA issued to WYOs that confirms that the President signed the bill. http://www.nfipiservice.com/Stakeholder/pdf/bulletin/w-12035.pdf