Cochran hopes flood insurance program will be fixed
By JASON PATTERSON
Editor & Publisher
U.S. Sen. Thad Cochran said he hopes an extension of the National Flood Insurance Program will give lawmakers time to figure out how to make the program work.
Last week, the U.S. Senate voted to extend the program for 60 days in an effort to give officials time to work on a long-term extension that would restore fiscal solvency to the debt-ridden program.
Cochran said he hopes a longterm solution will be reached in June.
“I am pleased an agreement has been reached that will allow a short extension of the National Flood Insurance Program, as well as more extensive Senate floor consideration of long-term extension proposals,” Cochran said. “As we head in to this year’s hurricane season, preventing a lapse in the program is critical. I believe it is vitally important that the Senate pass a long-term extension of the program to provide certainty for homeowners and the real estate market in general.”
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