White House Balks at Flood Insurance Delay, Agent Licensing Bill

The Obama Administration has problems with the Senate bill that would delay flood insurance premium increases and create an agent licensing registry.

The bill, S.1926, was cleared for debate on a procedural vote, 86-13, Monday evening. It has more than 30 sponsors from both parties in the Senate. Lead sponsors are Sen. Robert Menendez, D.-N.J., and Sen. Johnny Isakson, R.-Ga.

If it passes the Senate, the flood insurance reform delay faces an uphill battle in the House where leadership has said it opposes the delay.

Now the bill also faces criticism from the White House, although the statement yesterday from the White House’s Office of Management and Budget (OMB) stopped short of threatening a veto.

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