House Republicans are going to let the 112th Congress expire Wednesday without action on a Superstorm Sandy relief bill that includes a 50 percent increase in the National Flood Insurance Program's borrowing authority.
After criticism, including from some inside of his own party, House Speaker John Boehener, R-Ohio, agreed to hold a vote on the Sandy Aid package on Friday, shortly after the new Congress takes over, several news reports say.
The aid package, both the $60.4 billion package passed by the Senate, and the smaller $27 billion package introduced Tuesday in the House, borrowing-authority increase
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.