Obama Signs Sandy Bill to Pay Flood Insurance Claims

The $9.7 billion bill will provide a short-term increase in the Federal Emergency Management Agency’s borrowing authority for the flood insurance program. The NFIP was expected to run out of money by Monday without the authorization, FEMA warned.
January 7, 2013

The $9.7 billion bill will provide a short-term increase in the Federal Emergency Management Agency’s borrowing authority for the flood insurance program. The NFIP was expected to run out of money by Monday without the authorization, FEMA warned.

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