VARbuzz: Flood insurance bill stalls in Senate
Sen. Rand Paul (R-Ky.) has attached a controversial and unrelated amendment to the bill that would extend the National Flood Insurance Program. Because of that, the bill is stuck until further notice.
The bill would fund the NFIP for five years; a version passed the House quickly last summer, and it was expected to do so in the Senate as well after lawmakers reached compromises on two key issues regarding coverage of areas protected by levees. Without an extension, the program will only be funded until July 30.