“Today’s passage of a short-term NFIP extension by the Senate represents not an end, but another step towards one. While they failed to pass long term reauthorization and reform, this may indeed be the last short term extension of this program. The House will now need to adopt this extension if a lapse of this vital program is to be avoided prior to May 31.
“This short term extension should be the last. In the next few weeks, the Senate is expected to approve their version of NFIP reform, and it’s widely understood that the recent hurdles in the Senate have been overcome and the minor differences between it the House can be swiftly negotiated. This process isn’t over yet, and won’t be until the president signs a final bill. But after years of work on this issue we are getting close to seeing these reforms finally enacted.”
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Posted: Thursday, May 24, 2012 4:12:10 PM. Modified: Thursday, May 24, 2012 4:20:07 PM.
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