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Flood Insurance Re-Authorization Is Stalled

Flood Insurance Re-Authorization Is Stalled

Congress has again failed to re-authorize the National Flood Insurance Program, which will expire May 31 pending Congressional action. The Senate passed a two-week extension, retroactive to May 31, before adjourning last week for a one-week recess, but most House members had already departed Washington. An attempt yesterday to bring up the extension in the Senate, sponsored by Sen. John Kennedy (R-LA) was objected to by Rep. Thomas Massie (R-Ken.), making reauthorization unlikely until the House returns next week. The FDIC issued a FIL in 2010 pertaining to a lapse in the NFIP.

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