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Senate votes down reauthorization of National Flood Insurance ProgramPosted On Thu, June 17, 2010
Those homeowners left in the lurch by the U.S. Senate allowing the National Flood Insurance Program to lapse will have to wait even longer to get coverage.
The Senate, which allowed the NFIP's funding to dry up two weeks ago, has spun its tires on renewing funding, and once again voted down a piece of legislation that would have extended the program, according to the National Association of Mutual Insurance Companies. The NAMIC said this inaction will leave many homeowners without protection against floods.
"It's been over two weeks since the National Flood Insurance Program was allowed to expire, and the program is still being held up because of unrelated issues," said Jimi Grande, NAMIC senior vice president of federal and political affairs. "This lack of action by Congress is unacceptable, particularly when we're in the first few weeks of the 2010 hurricane season."
The unrelated concerns, the NAMIC said, included worries that unreleated provisions in the bill would add to the federal budget deficit.
An article in the Des Moines Register said the bill that was voted down included extensions to unemployment benefits, COBRA health insurance subsidies and programs for highway and transit.
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