Funding for the National Flood Insurance Program (NFIP) and a continuing subsidy for premiums under the Consolidated Omnibus Budget Reconciliation Act (COBRA) hang in limbo as legislators in both houses craft legislation.
COBRA extensions were absent from a tax bill unveiled Wednesday by Senate Finance Committee Chairman Max Baucus (D-Mont.). The 65% COBRA premium subsidy for laid-off workers ended May 31. An amendment offered by Sen. Robert Casey (D-Pa.) seeks to extend the subsidy to employees laid off through Nov. 30, but is deemed unlikely to pass.
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