NU Online News Service, Oct. 3, 1:38 p.m.EDT
|Once again, the National Flood Insurance Program finds itself indanger of lapsing, as the House must act Tuesday to keep theprogram going.
|Early last week, the Senate approved two continuing resolutions: one for one week, and onethat funds the government through Nov. 18.
|Later in the week, the House approved by unanimous consent the one-week continuingresolution, which contained an NFIP extension through tomorrow. Tokeep the program going without a lapse through Nov. 18, the Housemust act by tomorrow on the second continuing resolution passed bythe Senate.
|Ben McKay, senior vice president of federal government relationsfor the Property Casualty Insurers Association of America (PCI),says PCI is “pleased” that the House agreed through unanimousconsent to a short-term compromise to prevent a government shutdownand an NFIP lapse.
|“We are now hopeful that the House will pass the extension untilNov. 18 on Tuesday,” he adds. “Our top priority is avoiding an NFIPlapse.”
|Separate from the short-term extensions, McKay is urging theSenate to pass a five-year NFIP extension bill that containsreforms to the program. The House has already passed such a bill,H.R. 1309.
|McKay says, “If the Senate passes its bill, that will set thestage for lawmakers to reconcile the Senate bill with H.R. 1309,the House legislation passed in July. Both bills carry strong,bipartisan support and market-based provisions for a more stableNFIP over the long-term.”
|The Obama administration has urged support for the House bill,specifically noting that it reduces by 30 percent the number ofNFIIP-insured properties that are subsidized.
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