House Bill Aims To Extend Flood Insurance Program

Law360, New York (July 10, 2009, 12:00 AM EDT) -- Reps. Maxine Waters, D-Calif., and Barney Frank, D-Mass., of the U.S House of Representatives have joined forces in an effort to extend the National Flood Insurance Program, while pledging to reform the institution at a later point.

On Thursday, the duo introduced a new bill that would extend the current program, set to expire in September, until the end of March 2010, calling the move “prudent and necessary.”

“The National Flood Insurance Program is set to expire in September — right in the middle of hurricane...
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