The National Flood Insurance Program (NFIP) has breathing space until May 31 through one of President Barack Obama's last actions of 2011 on Dec. 23.
But it remains unclear whether the latest extension means that Congress will have enough time to craft legislation that will provide the industry's priority, reauthorization of the program until Sept. 30, 2016.
A number of issues stand in the way of legislation providing a long-time reauthorization of the program, including pure politics, specific concerns or just lack of time.
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