Bloomberg Law
Nov. 30, 2018, 12:42 AM

Congress Gives Flood Insurance a Short-Term Extension

David Schultz
David Schultz

Congress passed a bill Nov. 29 that would push back the expiration of the National Flood Insurance Program by one week, extending the program with just a day before it would have lapsed.

The bill (H.R. 7187) easily passed the House on a 350-46 vote. The Senate passed the measure just minutes later on a unanimous consent agreement.

This is the seventh time in the past 12 months that the program has come within days of lapsing. Without consensus on how to permanently shore up the struggling program—which now pays out far more in claims than it collects ...

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