BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Trump signs bill forgiving $16 billion in NFIP debt

Trump signs bill forgiving $16 billion in NFIP debt

President Donald Trump signed a $36.5 billion disaster relief bill that will forgive $16 billion in debt owed by the National Flood Insurance Program.

The president signed the bill on Thursday after the U.S. Senate adopted it by an 82-17 vote on Tuesday.

The U.S. House of Representatives previously passed the disaster relief bill by a 353-69 vote.

The president advocated in favor of the bill’s passage as hurricanes Harvey and Irma inflicted projected losses of $16 billion on top of the existing $24.6 billion in program debt prior to the recent storms and with the NFIP expected to fully exhaust its financial resources, including its $30.4 billion in borrowing authority, this month.

However, a statement from the White House press secretary on Tuesday reiterated the president’s urging of Congress to adopt reforms to the NFIP “to ensure the program’s long-term financial viability” and noted the president “looks forward to working with Congress to achieve that goal.”


Read Next