WASHINGTON–The Senate Banking Committee is due to vote tomorrow on its version of legislation to reform the National Flood Insurance Program, in a format that will be largely the same as a bill approved by the committee last year.
Among the few differences between last year's Senate bill and this year's is a provision that would require the Government Accountability Office, in consultation with the Department of Homeland Security and the Inspector General's Office, to review the three largest contractors used by the Federal Emergency Management Agency to operate and manage the flood insurance program.
The legislation was singled out as a priority last year by Senate Banking Committee Chairman Chris Dodd, D-Conn., when he assumed control of the panel following Democratic victories in November.
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