Congress has unanimously approved a one year extension, until September 30, 2011 for the National Flood Insurance Program (NFIP). Flood Insurance Time line September 21, 2010 S. 3814 Approved by Unanimous Consent in the Senate September 23, 2010 S. 3814 Approved by Voice Vote in House of Representatives The bill now heads to the President for his signature as soon as the week of September 27, 2010. With program authority now extended for a year, it is expected that attention will now turn to proposals to reform and ensure the financial soundness of the NFIP. While the House passed its reform bill (H.R. 5114) earlier this year, it is unlikely that a comprehensive reform bill will move until the 112th Congress goes into session next year. Please pass this information on to your clients!
For more information ....Please contact Neal Bloom-Realtor® /Keller Williams Properties 1625 N. Commerce Parkway,Suite 105 Weston FL 33326 (954)608-5556 The Real Deal tells it Like it is in Real Estate-copyright © 2010-All rights reserved