Federal flood insurance programs that protect 56

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: lly retire, saving the government money because the workers would receive only partial salaries and retirement annuities. As often happens with bills that are certain to win the president's signature, the measure became a catch-all for other unrelated provisions. One would order the government to accelerate work on a plan for preventing Asian carp, which devour other species, from entering the Great Lakes from the Mississippi River. It drew opposition from Sen. Dan Coats, R-Ind., and some other lawmakers arguing that blocking the fish could interfere with shipping, but the Senate turned their objections aside. Federal flood insurance programs that protect 5.6 million households and businesses were extended, allowing higher premiums and limiting subsidies for vacation homes to help address a shortfall in the program caused by claims from 2005's Hurricane Katrina. The measure also steers 80 percent out of billions in Clean Water Act penalties paid by BP and others for the 2010 Deepwater Horizon oil rig explosion to the five Gulf states whose beaches and waters were soiled by the disaster. The money would have otherwise gone to federal coffers. Federal timber subsidies worth $346 million would be distributed for another year to rural counties, while other funds would be steered to rural school...
View Full Document

Ask a homework question - tutors are online