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Member, Beacon International Group, Ltd.
WASHINGTON—The National Flood Insurance Program will lapse at least temporarily on June 1.
Senate Majority Leader Harry Reid, D-Nev., said Thursday that the Senate will not consider legislation that would extend the NFIP and other programs until after it returns from its Memorial Day recess in early June.
This is the fourth time since December that Congress has allowed the program to lapse before extending it on a short-term basis.
“It’s beginning to feel like ‘Groundhog Day,’” a spokesman for the Washington-based American Insurance Assn. said in a statement, referring to the Bill Murray movie in which his character repeated one day over and over again. “The country has seen record flooding this spring. Congress needs to pass a long-term extension because homeowners living in flood-prone regions of the country don’t have anywhere to turn should another major flood occur during this congressional recess.”