(Bloomberg) -- The House passed a $36.5billion hurricane and wildfire relief bill Thursday that would givePuerto Rico access to $4.9 billion in low-interestTreasury loans and allow the troubled National Flood InsuranceProgram to keep paying claims.

No NFIP overhaul


The 353-69 vote sends the measure to the Senate, which isexpected to take it up after returning to Washington on Monday froma week-long recess. A number of Republicans voted against thebill because it doesn’t make spending cuts to pay for the fundingand doesn’t overhaul the flood insurance program.

The vote came on a day when President Donald Trumpthreatened in a series of tweets to pull federal aid workersout of Puerto Rico, which was devastated by Hurricane Maria threeweeks ago.

“We cannot keep FEMA, the Military & the First Responders,who have been amazing (under the most difficult circumstances) inP.R. forever!” Trump said on Twitter, citing a “total lack ofaccountability.”

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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.