No Flood Insurance Reform Offered In House Bill

Law360, New York (February 25, 2009, 12:00 AM EST) -- As part of an omnibus spending bill released Monday, Democrats in the U.S. House of Representatives proposed a six-month extension to the National Flood Insurance Program, but without making any changes to the program.

The House Appropriations Committee allocated $1.4 billion to the Federal Emergency Management Agency for its disaster relief fund, which manages the NFIP. That total is the same as last year's appropriation, according to information from the committee.

The extension of the NFIP, part of the the $410 billion omnibus bill meant to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.