WASHINGTON–The chairman of the House Financial Services Committee plans to ask the Speaker of the House to begin the process of ironing out differences in the flood bill legislation passed by the two Houses of Congress.
Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said Wednesday he plans to ask Speaker Nancy Pelosi, D-Calif., to appoint conferees so that differences between the House and Senate versions of legislation reauthorizing and reforming the National Flood Insurance Program can be resolved.
Rep. Frank wrote the memo to members of his committee against the background of major differences between the House and Senate versions of the bill and insurance industry trade group opposition to language in the House bill that would add wind coverage to the program.
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