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The Biggert-Waters Act passed in July 2012 proposed major reforms to the National Flood Insurance Program (NFIP) over the next five years.
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Instead, flood coverage is sold through specialized policies, dominated by the federal government's National Flood Insurance Program, covering 5.6 million consumers and businesses.
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Such budgeting also applies to Social Security, Medicare Parts B and D (which cover physician visits and prescription drugs), and the National Flood Insurance Program.
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The network also wants to require communities participating in the National Flood Insurance Program to adopt stronger building codes and conduct a vulnerability assessment of critical facilities.
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Republican Jeb Hensarling of Texas, who ultimately voted for the bill, said Sandy-related claims with the National Flood Insurance Program "need to be paid, and paid now".
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The National Flood Insurance Program operates in yet another way.
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Worsening the situation: premiums for the federally run National Flood Insurance Program whose policies many coastal homeowners also must buy are scheduled to shoot up Oct. 1.
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Anti-fraud rules can hinder banks and insurers getting funds to their customers, and the federal National Flood Insurance Program undermines the insurance process and encourages building in flood-prone areas.
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"Congress should not allow the federal government to be involved in the flood insurance industry in the first place, let alone expand the national flood insurance program's authority, " the Club for Growth wrote on its website.
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