Bipartisan Group Of Senators Seeking Caps On Flood Insurance Premiums
The bill is one of several proposals pending this year for a program that insures 5 million homes and businesses, including 230,000 in New Jersey, but cannot repay nearly $25 billion borrowed from the U.S. If Congress does not renew the NFIP before it expires on Sept. 30, home sales in flood plains would be disrupted. Led by New Jersey Democrat Bob Menendez and…
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