Senate passes $36.5B disaster aid bill; Trump signature next - 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
October 24, 2017 Newswires
Share
Share
Post
Email

Senate passes $36.5B disaster aid bill; Trump signature next

Associated Press

WASHINGTON (AP) — The Senate passed a $36.5 billion emergency aid measure Tuesday to refill disaster accounts, provide a much-needed cash infusion to Puerto Rico, and bail out the federal flood insurance program.

The 82-17 vote sends the measure to the White House, where President Donald Trump is sure to sign it.

The measure provides $18.7 billion to replenish the Federal Emergency Management Agency's rapidly dwindling accounts, and $16 billion so the flood insurance program can keep paying claims.

It brings the total approved by Congress during this fall's hurricane season to more than $50 billion — and that's before requests expected soon to cover damage to water and navigation projects, crops, public buildings and infrastructure, and to help homeowners without flood insurance rebuild.

"We're still waiting for all the data to come in from Texas to determine what the need is," said Rep. Blake Farenthold, R-Texas, whose Gulf Coast district was slammed by Hurricane Harvey. "We've already done the supplementals to keep the agencies going, but the long-term stuff — public assistance, FEMA and housing — are the big questions. We still haven't gotten all the numbers in from the state."

The White House said in a statement that the aid would "provide critical relief" from the recent natural disasters and Trump "remains steadfast in his commitment to providing the resources necessary to recover from the hurricanes and wildfires."

The measure fails to address demands from the Florida and Texas delegations for more funding now, but lawmakers representing those states have won assurances from GOP leaders like House Speaker Paul Ryan, R-Wis., White House budget director Mick Mulvaney and Trump himself that more help is in the works.

"I want to stress that much, much more will be needed in my state," said Sen. John Cornyn, R-Texas. "It's not over and done with, and it's not time to just move on."

The current measure would permit FEMA to allocate up to $5 billion to assist Puerto Rico's central government and various municipalities through a cash crisis. Maria has largely shut down the island's economy and choked off tax revenues. The island's electric grid has been mostly destroyed and more than one-fourth of Puerto Rico's residents don't have potable running water.

Some conservatives, however, are becoming uneasy with the steadily growing cost of this year's spate of hurricanes.

"People here will say they have great compassion and want to help the people of Puerto Rico and the people of Texas and the people of Florida," said Sen. Rand Paul, R-Ky. "It is compassion with money that doesn't exist, money that's borrowed."

But Republicans controlling Washington are proving more willing to send aid to Texas and Florida this year than they were with New York and New Jersey after Superstorm Sandy hit those states — which are strongly Democratic — five years ago. And just last year, Republicans held up funding sought by President Barack Obama to combat the threat of the Zika virus and to help Flint, Michigan, repair its lead-tainted water system.

Now the challenge is whether Puerto Rico, which sustained enormous damage after Hurricane Maria's landfall more than a month ago, will get enough aid to rebuild.

Trump tweeted earlier this month that the federal government can't keep sending help to Puerto Rico "forever" and suggested that the U.S. territory was to blame for its financial struggles.

"You've got over 1,000 communities that haven't had any assistance," said House Appropriations Committee Chairman Rodney Frelinghuysen, R-N.J. He said Puerto Rico, which is a U.S. territory whose people are American citizens, can "absolutely" count on Washington to treat the island as an equal to Texas and Florida.

There's also unrest among opponents of the heavily subsidized federal flood insurance program, which many lawmakers say is in need of reform.

The federal flood insurance program, said Sen. Mike Lee, R-Utah, "encourages thousands of Americans to live in some of the most dangerous real estate in the country."

This story corrects Rand Paul's state to Kentucky, not Texas.

Older

New abortion restrictions just took effect in Missouri. Here’s what that means

Newer

With Obamacare open enrollment nearing, many Iowans face tough decisions

Advisor News

  • The 3 things that shrink your Social Security income
  • Proposed legislation takes aim at Social Security shortfall
  • The overlooked retirement security risk that must be addressed
  • What advisors should know about hedge funds in retirement planning
  • Retirement control is top success measure for middle class, ACLI says
More Advisor News

Annuity News

  • Built-in guaranteed annuities: What advisors should know
  • Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
  • Why job boards are failing insurance agencies
  • MassMutual Ranks No. 100 on the 2026 Fortune 500® List
  • What’s fueling record annuity growth?
More Annuity News

Health/Employee Benefits News

  • Virginians get thrown a lifeline
  • Feds to decide fate of $2 billion California plan to fund Medi-Cal
  • Obamacare premiums surged this year. A new analysis shows it's likely to happen again in 2027
  • An aging population needs advisors to cut through the confusion
  • Meet 'Project 2029' — and its war on the annoyance economy
More Health/Employee Benefits News

Life Insurance News

  • Best's Review Leaders Issue Ranks Top Global Brokers and More
  • Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group
  • Unum Group Announces $3.8 Billion Long-Term Care Reinsurance Transaction with Fortitude Re
  • Before you debate premium financing, understand the bigger picture
  • NAIFA praises House committee approval of Clarity for Compensation Act
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

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

A MYGA for Clients Hesitant to Commit to One Long-Term Rate
First-year certainty. Annual rate updates. Get the CurrentRate® MYGA Sales Kit.

Elite Networking & Insights Await at the Event of the Year
The industry's premier conference for leaders driving what’s next in financial services.

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