Senate, House have different views on future of National Flood Insurance Program

 

From www.ifawebnews.com

By Jaime L. Brockway

The U.S. Senate unanimously extended the National Flood Insurance Program (NFIP) through May 31, 2012, and the House of Representatives passed a bill reforming and extending it for five years the NFIP.

The temporary extension bill (SB 1958), introduced bySen. David Vitter (R-La.), passed the Senate Dec. 7 and now awaits consideration and a vote by the U.S. House of Representatives to avoid the NFIP’s scheduled expiration Dec. 16.

The House and Senate are working on legislation that would extend the NFIP for five years and make reforms. The House passed July 21 their version of the legislation, the Flood Insurance Reform Act of 2011 (HR 1309).

Click here to read the full article.