U.S. Rep. McGovern calls for reauthorization of the National Flood Insurance Program
The rule before us today provides for the reauthorization of the National Flood Insurance Program through September 30, 2016. This program was established in 1968 in response to increasing Federal government spending for disaster relief. The NFIP was intended to alleviate some of the public's financial burden because the government covered losses generated by floods in the form of…