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.

httpv://www.youtube.com/watch?v=2kxt8wuBMhw

U.S. flood insurance program extended for 6 months” via Reuters.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

or    

Forgot your details?

Create Account