The U.S. House Tuesday night (Dec. 13) voted to reform and extend the National Flood Insurance Program (NFIP) for five years as part of a bill that also would extend the expiring tax cuts, including cuts to the payroll tax.
House Republicans tucked a long-term NFIP extension, which had already been passed in July, into the “Middle Class Tax Relief & Job Creation Act of 2011,” which passed by a 234-193 vote mostly along party lines.
The NFIP program expires Dec. 16 without an extension.
Unfortunately, this is the same controversial bill that is on the nightly news, and the Flood Insurance extension is only a small part of the bill, which also includes House Republicans’ demands for budget cuts in exchange for their support on extending expiring tax cuts. Senate Majority Leader Harry Reid (D-Nev.) has said the bill is “dead on arrival.” President Obama also has indicated he would veto the measure.
ALTA is actively working to preserve the Flood Insurance extension here and in other bills.