"The two top lawmakers on the House Financial Services Committee reached an agreement to extend the National Flood Insurance Program another four months, the 11th short-term extension of this financially troubled program in less than two years.
Reps. Maxine Waters (D-Calif.) and Patrick McHenry (R-N.C.), the chair and ranking member, respectively, of the committee, cosponsored a bill introduced May 9 that would keep the program going through the end of the current fiscal year.
The bill, H.R. 2578, is identical to language that was inserted into a larger disaster relief bill, H.R. 2157, which is scheduled to come up for a vote on the House floor May 10. However, both the White House and Republicans in the Senate have said they would not support this disaster bill because they believe it is too costly."