The Obama Administration has signaled its support for a Senate bill (S.1940) to reauthorize the National Flood Insurance Program (NFIP).
The Senate advanced the bill yesterday but did not vote on it as Majority Leader Sen. Harry Reid, D.-Nev., indicated members were still ironing out some issues with it.
The White House released a statement in which it said it supports moving the insurance program to full risk-based pricing as the Senate bill allows.
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