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Bill to improve National Flood Insurance Program to reduce direct spending by $187 million

With the clock ticking on how much longer the National Flood Insurance Program will last, the Congressional Budget Office calculated the costs of one of the main bills in the running to update the program. This new bill will significantly turn around the current bill’s one-year shortfall of $1.4 billion. However, not everyone on the Financial Services committee is on board with the bill.
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