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Congress Growing Restless With Flood Claim Overflow

Congress has given the green light to another increase in the Federal Emergency Management Agency's borrowing authority to pay flood claims from Hurricane Katrina, but lawmakers are growing

By Matt Brady | Updated on February 19, 2006

Congress has given the green light to another increase in the Federal Emergency Management Agency’s borrowing authority to pay flood claims from Hurricane Katrina, but lawmakers are growing increasingly wary of this open-ended liability.

The House last week gave its approval to legislation increasing FEMA’s borrowing authority to $20.8 billion to pay Katrina-related flood insurance claims, but not before several lawmakers called for any further increases to include significant reforms to the program.

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