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Congress Stuck on NFIP Band Aids

Flood insurance program extended through May, but long-term reauthorization is still uncertain

By Arthur D. Postal | Updated on January 31, 2012

The National Flood Insurance Program (NFIP) has breathing space until May 31 through one of President Barack Obama’s last actions of 2011 on Dec. 23.

But it remains unclear whether the latest extension means that Congress will have enough time to craft legislation that will provide the industry’s priority, reauthorization of the program until Sept. 30, 2016.

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