Shutdown Countdown: Flood Insurance in Jeopardy

September 30, 2025

With just hours remaining until current government funding expires after September 30, Congress is locked in a standoff over a continuing resolution (CR) that would extend funding through November 21. Both the House and Senate have voted down competing stopgap bills, leaving the path to avoid a shutdown increasingly narrow.

Why it matters: Without action, a full government shutdown will begin on October 1. 

  • The National Flood Insurance Program (NFIP) authorization will also lapse. CREFC and other trade organizations have urged Congress to act on a standalone extension, but action on the standalone is unlikely to garner the unanimous support necessary at this late stage. 
  • The NFIP expiration has been tied to government funding deadlines in recent years. Click here for an explanation of how past NFIP lapses have been handled. 
  • The House-passed short-term funding extension would maintain FY2025 spending levels and provide additional time for lawmakers to complete work on the FY2026 appropriations bills.

Where we stand as of today:

  • President Trump met with Democratic and Republican Congressional leadership on Monday, but they did not come to an agreement. This came after Trump had cancelled a scheduled meeting last week with Minority Leaders Chuck Schumer (D-NY) and Hakeem Jeffries (D-NY). 
  • House Action: House Republicans passed a clean CR on Sept. 19 by a 217–212 vote. Two Republicans opposed, while one Democrat crossed over in support. Speaker Mike Johnson (R-LA) does not plan to bring the House back this week, which adds pressure to the Senate to pass the clean CR.
  • Senate Action: The Senate voted down the House-passed CR 44–48, with Sens. Lisa Murkowski (R-AK) and Rand Paul (R-KY) joining Democrats in opposition, and Sen. John Fetterman (D-PA) voting in favor. Democrats’ alternative CR also failed 47–45, falling short of the 60 votes needed to advance.
  • Democrats’ Posture: Party leaders remain opposed to a short-term deal unless it restores Medicaid funding cuts and extends ACA premium subsidies. Notably, Sen. Fetterman has broken ranks to support the GOP’s CR.

White House Position: The Administration initially pressed for a longer stopgap through January but is supportive of a shorter Nov. 21 measure as it is the most viable option to keep the government funded. 

  • The White House Office of Budget and Management directed agencies to plan for reductions in force if the government does indeed shutdown on Wednesday.
  • Democrats are skeptical of the threat. They have pointed to the firings already conducted and recent re-hirings of fired workers as evidence the Administration will not follow through. 

What’s next: The Senate still needs seven Democratic votes to reach the 60-vote threshold on a clean CR, a tall order with just hours remaining. 

Contact David McCarthy (Dmccarthy@crefc.org) or James Montfort (jmontfort@crefc.org) with any questions. 

Contact 

David McCarthy
Managing Director,
Chief Lobbyist, Head of Legislative Affairs
202.448.0855
dmccarthy@crefc.org

James Montfort
Manager,
Government Relations
202.448.0857
jmontfort@crefc.org
Image of clock with "Shutdown" written on it
The information provided herein is general in nature and for educational purposes only. CRE Finance Council makes no representations as to the accuracy, completeness, timeliness, validity, usefulness, or suitability of the information provided. The information should not be relied upon or interpreted as legal, financial, tax, accounting, investment, commercial or other advice, and CRE Finance Council disclaims all liability for any such reliance. © 2025 CRE Finance Council. All rights reserved.

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