The Trump official warns that millions may lose flood insurance if Democrats banned a bill

Exclusive: On September 30 Government financing approach waving on the horizonThe Trump administration warns that millions of Americans may lose flood insurance coverage if Democrats refuse to support the spending bill passed at home also extends to the National Flood Insurance Program (NFIP).

The White House supports the continuous decision (CR) approved by Republicans in the House of RepresentativesWhich would avoid closing and re -delegate NFIP.

Administration officials said they worked to ensure that NFIP was part of the current financing package, which reflects what they call the urgency of the protection of millions of documents during the hurricane season.

Democrats said they will not support the procedure, pointing to wider spending. Trump administration officials argue that the confrontation puts home owners and the housing market and disaster recovery in danger It reaches the peak storm season.

The Republican Senator Senator explodes Shomer, Dems as “forced” to close while calling for the price report

“In an exclusive statement to Fox News Digital, a White House official said:” NFIP is a vital program that millions of Americans use, and it is not a difficult invitation to extend it-and this is exactly the reason why the administration supports CR that was passed at home and that will do so.

According to management numbers reviewed by the Fox News Digital, the separator in the NFIP license may disrupt about 1300 real estate sales every day. This is approximately 40,000 closure in one month, all in the regions Where the flood insurance Required to secure mortgage.

More than 400,000 policies are expired in October. Officials say about 152,000 of them have been previously paid, but more than 250,000 families still may lose coverage if they scatter the program.

A credit plan from Trump to avoid the government’s closure by the Senate

Administration officials also referred to October 2024 as a warning sign. That month witnessed more than 427,000 new or renewable policies. About 41,000 home owners bought new policies while dropping about 33,000 coverage, leaving a clear profit about 9000. Officials warn that the growth of this year can collapse if NFIP is up.

Tell the Fox News Digital Fema currently $ 2.6 billion is available to pay valid claims, including $ 1.5 billion in the National Flood Insurance Fund and $ 1.1 billion in reserves. But they warned that the agency would not be able to borrow additional money from the treasury if a large disaster exceeds those reserves, a scenario they described as “dangerous and can be avoided.”

The National Association of Home Buildings (NAHB) chanted those concerns.

“The previous NFIP disturbances have caused immediate, extensive negative effects on property sales, house values ​​and consumer confidence,” Nahb said in an exclusive statement to Fox News Digital.

“House sales will stop in areas where flood insurance is mandatory in order to obtain a real estate loan. What the housing market now needs is stability and certainty. NAHB calls for quickly to continue financing federal government operations including NFIP.”

NFIP has a long history of Stopgap extensions. Since 2017, Congress has been re -mandated The program is more than 30 times, often through short -term measures. The lawmakers usually covered a retroactive effect to prevent permanent gaps, but even short lapses have stopped closing real estate and left -wing homes in forgetting. The program currently serves about 4.5 million policy holders at the country level.

Click here to get the Fox News app

Unless the legislators undertake a deal, the Fema will be prevented from selling or renewing the flood insurance policies that start on October 1, which may leave millions of home owners to forget while Washington suffers towards closing. Administration officials argue that the risks are particularly acute this year as the hurricane season continues.

Fema, Schumer and Jeffrols did not respond immediately on the request of Fox News Digital for comment.