Wednesday, September 22, 2010
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WASHINGTON --- The Senate has passed a bill that will extend funding for the National Flood Insurance Program through next year, senate officials say.
Co-sponsored by Georgia Senators Johnny Isakson, R-Atlanta, and Saxby Chambliss, R-Moultrie, the bill will extend the program -- which provides disaster assistance to those whose homes or businesses are damaged by flooding, through September 2011.
"Flood insurance is critically important for the stability of the housing industry and to those Americans seeking this coverage as they purchase a home," Isakson said. "I'm pleased the Senate has agreed to extend the National Flood Insurance Program for an additional year."
Chambliss was equally proud of the bill's passage.
"I'm pleased we were successful in passing a one-year extension of the National Flood Insurance Program, which is critical for businesses and homeowners in areas prone to flooding," said Chambliss. "The recent practice of passing short-term extensions provided unnecessary uncertainty for those who rely on the program."