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Washington
Senate passes flood insurance SBA programs through 2010
WASHINGTON (3/11/10)--H.R. 4213, the American Workers, State, and Business Relief Act of 2010, which would extend authorization for the National Flood Insurance Program, Stimulus Act small business loan guarantee programs, federal unemployment insurance, COBRA benefits, and other select federal programs, passed the Senate 62 to 38 on Wednesday and will now move on to the House for consideration. The legislation extends funding for flood insurance and small business provisions through the end of 2010. The New Markets Tax Credit will also be extended through Dec. 31. The bill also contains several other tax and business-friendly provisions. Inactivity in the Senate led to the temporary expiration of many of these programs earlier this month, but temporary extenders, which run through the end of this month, were passed shortly thereafter.


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