Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
House Senate to work out flood insurance SBA extensions
WASHINGTON (3/18/10)--The House on Wednesday approved H.R. 4851, the Continuing Extension Act of 2010, which would extend authorization for the National Flood Insurance Program (NFIP) and federal unemployment insurance and continue federal subsidies to COBRA health insurance recipients through April 30, via voice vote. The legislation, which was introduced by Sen. Sander Levin (D-Mich.) on Tuesday, will now move on to the Senate. If the legislation is not signed into law, the NFIP and COBRA will both expire at the end of this month. Legislators earlier this year agreed to temporarily extend these and other benefits through the end of March, after significant legislative wrangling. H.R. 4213, which would extend the NFIP, COBRA, some Stimulus Act small business loan guarantee programs, federal unemployment insurance, and other select federal programs, passed the Senate 62 to 38 last week and should be discussed in a congressional conference in the near future. However, the Credit Union National Association (CUNA) does not expect this conference to begin before the upcoming April recess. CUNA is working to include language that would increase the cap on credit union member business loans to 25% in an upcoming jobs bill. This legislation would result in $10 billion in new funding for small businesses and create over 100,000 new jobs at no cost to taxpayers, CUNA has estimated.
Other Resources

RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
4 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
6 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
6 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
6 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
7 hours ago