H.R. 5848 — NFIP Retroactive Renewal and Reauthorization Act

This section extends National Flood Insurance Program (NFIP) borrowing authority and program expiration to December 31, 2026 (from September 30, 2023), as follows: (1) extends the period through which the FEMA Administrator may issue notes or obligations up to $30.425 billion with presidential approval for deposit into the National Flood Insurance Fund; and (2) extends overall program expiration under NFIP, which provides flood insurance to participating communities and property owners. If enacted after September 30, 2025, the amendments apply retroactively as of that date.