Washington — Language extending the National Flood Insurance Program's (NFIP) statutory authority through March 6, 2009, will move now to President Bush after passing both the House and Senate as part of a continuing resolution.
The extension will allow the program to continue operating under its current terms and paying claims related to several recent major storms and flooding events. Without the reauthorization, the 40-year-old NFIP was set to expire today.
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