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Republican Senators move to slice Sandy relief billPosted On Thu, December 20, 2012
Republican members of the U.S. Senate are looking to slice the Sandy relief bill put forward by the White House administration, according to Reuters.
Several conservative members of the Senate are looking to reduce the $60 billion requested for aid down to just $23.8 billion in immediately necessary funds.
Although the White House put forth a carefully regulated bill with the money allotted to several different aspects of relief, including support funding for the National Flood Insurance Program, the right wing Senate members are opting to fund only the aspects of the relief efforts that are in immediate need, while assessing long-term needs.
Senator Daniel Coats, a Republican from Indiana and one of the main proponents of the new federal spending proposal, noted that the $23.8 billion would go towards the parts of the country that need funding immediately. Additionally, Coats stated that the new proposal would provide funding through March 27, leaving time to create further funding bills if necessary.
The Democratic Senators, who hold the majority of the floor, are attempting to push through the full funding amount before January 1.
Republican senators have noted that, with the onset of the fiscal cliff, the federal government is not prepared to dole out a relief bill of the magnitude requested by the White House. On the other hand, the NFIP is currently flailing due to a lack of sufficient funds, and is in immediate need of support.
Consumers who purchase a policy through the NFIP will see an increase in their flood insurance rates by approximately 25 percent in 2013, but if the program does not receive more funding in the near future, that number could increase dramatically.
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