NU Online News Service, May 20, 11:55 a.m. EDT

WASHINGTON—The House appears unlikely to act on legislation that would reauthorize the National Flood Insurance Program (NFIP) for five years before it leaves for the Memorial Day holiday.

Indications that the House will be unable to act this month surfaced just as industry trade groups sent a letter to members of the Senate Banking Committee urging prompt action on such legislation in that chamber.

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