1) The NFIP does not "prevent the private sector" from doing jack sh!t. The NFIP came into being because the vast majority of insurance companies refuse to offer flood coverage (because it's too hard on their profit margins). You can totally still buy a flood policy from a private insurer...if you can afford it. The rest of us need the NFIP. I've had plenty of personal experience with NFIP -- my parents' house flooded during Harvey and I was the main point of contact / administrator for all the insurance BS that followed. I can't say I enjoyed the experience...but it was certainly better than nothing, which is what we'll have if we don't reauthorize the program. 2) Regarding the "NFIP encourages development in flood-prone areas" argument: we are seeing flooding in areas that are not considered "flood-prone," and this will continue to happen as the effects of climate change become more severe. Also, nobody needs the government to "encourage us" to buiild in flood plains or coastal areas. Humans have always built near water, and real estate developers are more than happy to continue meeting (and arguably exacerbating) that demand.