The U.S. Senate vote expected this week on legislation reauthorizing and reforming the National Flood Insurance Program–without adding wind coverage–will strengthen the insurance industry's hand in the coming talks with the House of Representatives on a compromise bill, insurer lobbyists say.
The Senate set the stage for a victory for the insurance industry on this contentious issue with an overwhelming 73-19 vote on May 7, rejecting the wind exposure amendment. The industry lobbied heavily against adding wind coverage to the flood program.
The amendment is included in the House version of the bill–H.R. 3121–but a Government Accountability Office report critical of the move, and a message to the Senate early last week by advisers to President George W. Bush warning they would recommend a veto if the legislation contained such a provision, apparently weighed heavily on the final vote count on the amendment.
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