The Senate is scheduled to vote on its WRDA bill (HR 8) later this week or next. It’s been delayed by other matters by at least two weeks already, so we won’t be surprised if there are further delays. The House has already passed its version of HR 8. When the Senate completes action, the…
The National Flood Insurance Program will lapse tomorrow, Tuesday, July 31st. But what actually happens if the program expires? Currently, the program provides over 5 million policies totaling roughly $1.28 trillion in coverage, and there is no ‘sunset provision’ involved if the program lapses. The NFIP has been extended more than 25 times since 2008,…