Late yesterday both houses of Congress passed a continuing Resolution which provides for a 30-day extension of the National Flood Insurance Program. The program is now set to expire on Dec. 16, 2011.
The latest extension comes amid a flurry of activity surrounding the NFIP. Earlier this week a bipartisan group of senators expressed concern with a provision in the Senate version of the Flood Insurance Reform and Modernization Act of 2011. The bill passed the House in July but has thus far been bogged down in the Senate.
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