Fed spending bill passed, $2.4 billion appropriated to Tyndall for rebuild - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 23, 2019 Newswires
Share
Share
Post
Email

Fed spending bill passed, $2.4 billion appropriated to Tyndall for rebuild

News Herald (Panama City, FL)

Dec. 23--PANAMA CITY -- With President Donald Trump signing into law the $1.4 trillion federal spending bill Friday, Tyndall Air Force Base has secured all of the necessary funding to rebuild.

The $2.4 billion appropriated to Tyndall for construction will be available over the next five years, which means more flexibility to negotiate with contractors, according to Congressman Neal Dunn (R-Panama City).

"Military construction funding is allowed to be held for up to five years at a time, and if you appropriate the money on the front end, you can make a better contract with your contractors," said Dunn, who has been instrumental in introducing and supporting bills related to recovery from Hurricane Michael. "The contractors now have the guarantee the money is there and they'll be on the job this year, next year, (and so on). It really saves a huge amount of money to do it that way."

Alongside the funding to rebuild, the base also secured additional funds for the procurement of 28 F-35s. Also, about $240 million was appropriated to the Naval Surface Warfare Center (NSWC) located on the beach and $70 million to the Panama City station of the U.S. Coast Guard.

Outside of military-related funding, provisions for disaster-related tax relief, authored by Dunn, was also a part of the federal spending bill. Individuals can take advantage of the provision in the upcoming filing season, as well as for years to come.

Dunn noted he had submitted the disaster tax relief bill back in November 2018 so that tax relief would be available as soon as possible following Hurricane Michael.

"I dropped that bill in 2018 and they just picked that up word for word (this year) and put it in this appropriations (package)," he said. "That's really outstanding."

Other appropriations Dunn mentioned that impact Bay County include: $1.5 billion in agriculture funds initially made available for 2017 disasters; $400 million in grants for 2018-2019 disasters, and $31 million to support the revised timeline for the Coast Guard's offshore patrol cutter, which will fill a capability gap between the Coast Guard's national security cutters and its fast response cutters..

As a continued advocate for veterans and veterans' health, the congressman also touted the additional lines of support for veterans' health research funding included in the new federal budget.

President Trump signed off on the spending bill on Dec. 18, the day the House of Representatives voted in favor of two articles of impeachment.

"All of this is set in the backdrop of impeachment," Dunn said of the new federal budget. "In fact, it's the impeachment that propelled this forward. As (the Democrats) got deeper and deeper in the impeachment, their polls were going upside down all across the country. And so, they realized they had to do something good for the country."

Regarding impeachment, Dun does not believe the articles approved by the House -- abuse of power and obstruction of Congress -- will go to trial in the U.S. Senate.

"I think everybody knows ... there will be no impeachment; matter of fact, there will be no trial," he said.

___

(c)2019 The News Herald (Panama City, Fla.)

Visit The News Herald (Panama City, Fla.) at www.newsherald.com

Distributed by Tribune Content Agency, LLC.

Older

Texas Sees Obamacare Enrollment Rise By 2.5%

Newer

CP releases Sustainably Driven, its 2018 corporate sustainability report and new framework for long-term, sustainable growth

Advisor News

  • CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
  • How executive benefits impact an estate plan
  • 73% of US business leaders say economic uncertainty keeps them from focusing on transition
  • A new era at the Federal Reserve
  • What advisors need to know about the life settlement boom
More Advisor News

Annuity News

  • IRI, ACLU express support for CLEAR Forms Act
  • A new era at the Federal Reserve
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
More Annuity News

Health/Employee Benefits News

  • Blue Cross and Blue Shield Association Trademark Application for “BLUE MEANS GO” Filed: Blue Cross and Blue Shield Association
  • New Critical Illness Findings from Zhongnan University of Economics & Law Described (Supplementary Health Insurance and Income: Evidence From Critical Illness Insurance In China): Disease Attributes – Critical Illness
  • Study Results from Vanderbilt University Medical Center Provide New Insights into Cancer (Oncology Organization and Oncologist Networks Under Medicare Advantage Plans): Cancer
  • CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
  • How much do state residents need to retire comfortably?
More Health/Employee Benefits News

Life Insurance News

  • How much do state residents need to retire comfortably?
  • How executive benefits impact an estate plan
  • Connecticut retirees face high savings hurdles
  • AI-created images in insurance fraud and the impacts on clients, advisors
  • Roberts Disability Law Sues Unum Life Insurance Company of America on Behalf of Disabled Valero Refinery Operator for Allegedly Underpaying Long-Term Disability Benefits
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet