WASHINGTON—The Senate passed legislation Friday night that includes a provision to increase the borrowing authority of the National Flood Insurance Program by one-third.
The increase is part of the Hurricane Sandy Emergency Assistance Supplemental legislation that passed 62-32, the fifth time Congress worked post-Christmas since the 1930s.
The bill faces an uncertain future in the House. Its fate is tied to the ability of the Senate leadership to craft a bill that the House will accept to avert the so-called "fiscal cliff."
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