House Passes Bill to Assure Private Policies Satisfy Flood Insurance Requirement

House Passes Bill to Assure Private Policies Satisfy Flood Insurance Requirement”

The House cleared legislation on Thursday to reauthorize federal aviation programs ahead of a Saturday deadline and provide tax relief for victims of recent hurricanes.

Senate Minority Leader Chuck SchumerCharles (Chuck) Ellis SchumerSenate Dems hold floor talk-a-thon against latest ObamaCare repeal bill This week: Senate wrapping up defense bill after amendment fight Cuomo warns Dems against cutting DACA deal with Trump MORE (D-N.Y.) was overheard by a Politico reporter in an elevator this week pushing Kennedy to oppose the flood insurance measure. It has a provision that would make it easier for people with hurricane losses to write them off on their taxes, eliminating a requirement that personal losses must exceed 10 percent of adjusted gross income to qualify for a deduction.

The bill extends the FAA operations for six months as is, while lawmakers discuss Trump's proposal in March of handing over control of USA air traffic control to a privately-operated board.

A number of senators have spoken out against the flood insurance provisions that remain in the House bill, raising the possibility that the bill could be dropped or changed.

It also clarifies that the Federal Emergency Management Agency shall consider any period during which a property was continuously covered by private flood insurance to be a period of continuous coverage.

The House passed the bill earlier in the day with the flood insurance provisions, just hours before members planned to leave town for the weekend.

The legislative back-and-forth comes two days before the end of the federal budget year when authority for the Federal Aviation Administration and several health programs in the bill are due to expire.

House Republicans tried to suspend the rules and pass the bill without first holding committee hearings. "If our Senate colleagues are serious about improving the flood protections available to homeowners and reducing the suffering caused by major floods, then they must act quickly to pass this legislation". It also wraps in tax relief for hurricane victims and an expansion of the private flood insurance market.

The Senate passed the revised bill by unanimous consent, with the House following suit without objection about an hour later.

Like this


29 September 2017
Sun Life Financial Inc. (SLF) Position Boosted by Commonwealth Bank of Australia
BidaskClub upgraded Sun Life Financial from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 19th. ValuEngine raised Sun Life Financial from a "hold" rating to a "buy" rating in a report on Wednesday, June 28th.

29 September 2017
Texas wins Big 12 opener to Iowa State, 17-7
Since then, the Horns competed with and almost defeated the No. 5 ranked USC Trojans and had a convincing victory over the Iowa State Cyclones.

29 September 2017
Washington state AG Bob Ferguson, Seattle sue OxyContin maker over opioid deaths
Ferguson said this will not be the only lawsuit the state will file in relation to the opioid epidemic. Dennis said this should never have happened to her son, it's not the life he was supposed to have.

29 September 2017
CT National Guard sending airmen to Puerto Rico
The say the soldiers are assigned to the 122nd Engineer Battalion in Edgefield and the 178th Engineer Battalion in Rock Hill. Engineers from the South Carolina National Guard to aid Puerto Rico in the aftermath of Hurricane Maria .

29 September 2017
Tigers sign son of Pedro Martinez to minor league deal
Dominican journalist Dionisio Soldevila reported that Martinez signed for $800,000 , plus a $300,000 scholarship. The elder Martinez won two Cy Young Awards with the Boston Red Sox and one with the Montreal Expos.

29 September 2017
Thursday Night Football on Amazon Video Buffering, Low Video Quality
Amazon is leveraging other parts of its business to spread the word about its National Football League broadcasts. This month, Amazon became an official streaming partner for the Association of Tennis Professionals World Tour.

29 September 2017
Gilead Sciences, Inc. (GILD) Given Consensus Rating of "Buy" by Analysts
BidaskClub lowered shares of Gilead Sciences from a "buy" rating to a "hold" rating in a research report on Wednesday, August 9th. The Underhill Investment Management Llc holds 205,800 shares with $14.57 million value, up from 168,800 last quarter.

29 September 2017
Brokerages Anticipate McCormick & Company, Incorporated (MKC) to Announce $0.77 Earnings Per Share
The stock of McCormick & Company, Incorporated (NYSE: MKC ) has "Hold" rating given on Wednesday, October 12 by Jefferies. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock.

29 September 2017
Technical Spotlight: Tracking Shares of Anaconda Mining Inc
Traders may employ the indicator to determine stock trends or to identify if a stock is trading in overbought/oversold territory. Investors may be interested in viewing the Gross Margin score on shares of iShares Trust - iShares MSCI EAFE ETF (ARCA:EFA).

29 September 2017
Bassett Furniture Industries, I (NASDAQ:BSET) Trading Volume Significantly Lower
This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends. New York-based Goldman Sachs Grp Inc has invested 0% in Bassett Furniture Industries Inc. (NASDAQ:BSET) or 6,400 shares.