It's once again time to have a discussion about our broken and almost-insolvent flood insurance program.
Yes, the House and Senate have passed a stopgap measure that will push consideration of the money-hemorrhaging program that is the National Flood Insurance Sinkhole.
Program until after the midterms, sending the legislation to President Trump's desk with less than 12 hours before Tuesday's midnight authorization deadline.
This reauthorization, naturally, comes without any significant reforms to the program and merely kicks the fiscal can until after the election heat is off.
House-passed bill does not protect new policy holders if program lapses tomorrow night.
Here's a helpful hint: If you ever see a member of Congress say that we shouldn't "Play politics" with a spending program that heavily impacts their constituency, that's typically swamp code for "Please don't spend too much time looking at the merits of this program and just put it back on autopilot ASAP.".
If you want a more concise breakdown of the problems with the National Flood Insurance Program and what reforms it needs, here's a CHB episode from when this issue kicked up last hurricane season.
https://www.conservativereview.com/news/same-old-same-old-congress-kicks-the-can-on-this-failed-program-again/
Yes, the House and Senate have passed a stopgap measure that will push consideration of the money-hemorrhaging program that is the National Flood Insurance Sinkhole.
Program until after the midterms, sending the legislation to President Trump's desk with less than 12 hours before Tuesday's midnight authorization deadline.
This reauthorization, naturally, comes without any significant reforms to the program and merely kicks the fiscal can until after the election heat is off.
House-passed bill does not protect new policy holders if program lapses tomorrow night.
Here's a helpful hint: If you ever see a member of Congress say that we shouldn't "Play politics" with a spending program that heavily impacts their constituency, that's typically swamp code for "Please don't spend too much time looking at the merits of this program and just put it back on autopilot ASAP.".
If you want a more concise breakdown of the problems with the National Flood Insurance Program and what reforms it needs, here's a CHB episode from when this issue kicked up last hurricane season.
https://www.conservativereview.com/news/same-old-same-old-congress-kicks-the-can-on-this-failed-program-again/
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