Senate expected to pass five-year flood insurance extension

The U.S. Senate is finally going to vote on changes to the National Flood Insurance Program that will extend it for five years, instead of just a month or two.

Barring yet another filibuster, it should pass and then be reconciled with a similar bill that already passed the House.

Senate Majority Leader Harry Reid said that, if necessary, they would extend the program by 60 days while both houses squabble work together to agree on the final bill, which President Obama is expected to sign.

From the “Oh, you don’t say?” department (via the Wall Street Journal):

It is “critical that we do something on flood insurance,” Mr. Reid said. “We need to get something done on a more permanent basis.”

We’ll keep you updated, but this looks like (finally!) a good sign for anyone looking to buy or sell in a flood zone.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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