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Senate Passes Flood Bill Minus Wind Coverage

Despite strong support in the Senate last week for legislation reauthorizing and reforming the National Flood Insurance Program, it remains unclear how--and how promptly--Congress will move to

By Arthur D. Postal | Updated on May 18, 2008

Despite strong support in the Senate last week for legislation reauthorizing and reforming the National Flood Insurance Program, it remains unclear how–and how promptly–Congress will move to reconcile the Senate bill with a far different House version.

The vote was 92-6 in favor of S. 2284, the Flood Insurance Reform and Modernization Act of 2008, which extends the program–otherwise set to expire on Sept. 30–until 2013. The reform act also contains a provision to pay off the $17.5 billion debt that was run up in settling 2005 claims from Hurricanes Katrina and Rita.

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