President Obama has signed legislation that reauthorizes the National Flood Insurance Program until Sept. 30, 2017.
The signing late Friday marks the first time since 2004 that a new NFIP reauthorization has gone into effect, and ends a political stalemate that began in 2007, when debate opened in the House on legislation that would replace the NFIP reauthorization legislation enacted in 2003.
The program has been extended for short intervals 17 times since its authorization first ran out Sept. 30, 2008, according to data compiled by officials of the House Financial Services Committee.
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