"Congress Passes Flood Insurance Extension, Again Punting Reforms"

"The Senate on Tuesday passed a short-term extension of the federal flood insurance program, sending it to President Trump for his signature hours before an Aug. 1 deadline.

The 86-to-12 vote preserves access to flood insurance for U.S. homeowners, but it again punts on reforms to a program that now covers more than 5 million households and collects more than $3 billion in premiums yearly.

The bill extends the authorization for the program and its ability to borrow funds through Nov. 30."

 Mike DeBonis reports for the Washington Post July 31, 2018.

Source: Washington Post, 08/01/2018