The Senate and House have approved a stopgap spending bill that will avert an impending government shutdown by funding every federal government agency at current levels through Dec. 16, 2022. Absent congressional action, the government would have faced a shutdown at midnight tonight.
Of note to the housing community, the legislation will keep the National Flood Insurance Program (NFIP) funded through Dec. 16, 2022.
NAHB continues to work with Congress to achieve a long-term reauthorization of the NFIP, consistent with our policy, that will keep the program fiscally sound and let builders provide safe and affordable housing.
The measure also includes more than $12 billion in economic and military aid to Ukraine for its war against Russia.