If they Abolish FEMA - Will they Abolish Flood Insurance?

[marindependent]

An open question here. Currently they are discussing ending FEMA. There is even a Memo on the subject.

My question is - what will that mean for Flood Insurance?

'Abolishing FEMA' Memo Outlines Ways for Trump to Scrap Agency[/H2]
Homeland Security Secretary Kristi Noem directed the Federal Emergency Management Agency to prepare a memo on how to abolish itself and create a re-branded, radically smaller disaster response organization, according to a copy of the document reviewed by Bloomberg News.

As recently as last week, President Donald Trump and Noem said they wanted to wind down FEMA but offered few details publicly. The March 25 memo offers insight into how the administration has weighed which of its current functions to cut. Technically, only Congress can eliminate the agency.