The U.S. National Flood Insurance Program (NFIP) would see a six month extension under a bill approved by the House of Representatives on Wednesday, delaying further efforts to fix the troubled program. Without this extension, the NFIP would expire this September.
The NFIP temporary extension measure will go next to the Senate for a vote. Passage there would give Congress time “when we come back in 2010 to deal with this in a comprehensive way,” said Representative Barney Frank on the House floor. He heads the House Financial Services Committee.
Watch this short exchange between Rep Gene Taylor (D-Miss.) and Frank, where Taylor is pressing for changes to the NFIP.