The U.S. House Committee on Financial Services released a statement from Chairman French Hill following a lapse in federal government funding, warning that the shutdown halts congressional work and has resulted in the expiration of the National Flood Insurance Program (NFIP) and the Defense Production Act (DPA). Hill pointed to a House-passed clean continuing resolution from the prior month that included extensions of the NFIP and DPA, and attributed their expiration to the Senate voting against the funding measure. He said the lapse would harm at-risk property owners and reduce the government’s ability to accelerate production of necessary supplies in the event of a national security crisis, while calling for a resolution to restore funding and secure the extensions.
U.S. Financial Services Committee 2025-10-01
U.S. House Committee on Financial Services Chairman Hill links government funding lapse to expiration of the National Flood Insurance Program and Defense Production Act
The U.S. House Committee on Financial Services, led by Chairman French Hill, warned that the federal government shutdown halted congressional work, causing the expiration of the National Flood Insurance Program (NFIP) and the Defense Production Act (DPA). Hill blamed the Senate's rejection of a House-passed funding measure and emphasized the negative impact on at-risk property owners and national security supply production. He called for a resolution to restore funding and secure the extensions.