Senate passes $36.5B hurricane relief, NFIP funding & wildfire fighting bill

The measure, passed 82-17, gives Puerto Rico access to $4.9 billion in low-interest Treasury loans and would also replenish the troubled National Flood Insurance Program, which runs out of money as early as this week.

By Erik Wasson | October 24, 2017 at 02:55 PM

(Bloomberg) – The Senate sent President Donald Trump a $36.5 billion hurricane relief bill Tuesday that gives Puerto Rico access to $4.9 billion in low-interest Treasury loans, amid concerns that recovery efforts from the recent disasters will require significantly more funding.

The measure, passed 82-17, also would replenish the troubled National Flood Insurance Program (NFIP), which runs out of money as early as this week.

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