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Congress

Tuesday, January 15, 2013

House Approves $50.7 Billion Sandy Relief Bill

Aid was voted on in two packages, both of them passing the U.S. House of Representatives.

The U.S. House of Representatives voted to approve a Hurricane Sandy relief package totaling $50.7 billion Tuesday night, the culmination of a contentious day that included charges of overspending from House Republicans and demands from legislators in Sandy-affected areas for their Congressional peers to do the right thing. The aid was approved in two measures, the first in the form of a $17 billion package designed to provide immediate aid primarily to victims of Sandy in New York and New Jersey, and the second, overarching package, adding an additional $33.7 billion in aid and bringing the total to more than $50 billion. The purpose of splitting the aid package, presumably, was to give House Republicans the chance to vote for immediate …

Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC

2:31 pm on Tuesday, January 22, 2013

If you have any questions about your business or home please contact Maria Patriarca, CPA at 908-272-6200 x 326 or email her at mpatriarca@fmrtl.com or visit our website for resources http://www.fmrtl.com/about/news/66-hurricane-sandy-recovery-resources   more ›

Friday, January 4, 2013

Congress Approves $9.7 Billion in Insurance Funding to Aid Sandy Victims

The U.S. House of Representatives approved an initial round of funding for the National Flood Insurance Program. Another $50 billion could come Jan. 15.

The U.S. House of Representatives approved a measure late Friday afternoon allowing the Federal Emergency Management Agency (FEMA) to borrow $9.7 billion to pay insurance claims made by victims of Hurricane Sandy. The bill, HR 41, temporarily increases the borrowing authority of FEMA to allow the agency to carry out payment claims made by property owners to the National Flood Insurance Program.  Congress moved to approve the funding stop-gap Friday after concerns were raised that aid for Sandy victims had been delayed too long. The House, specifically, Majority Speaker John Boehner, R-OH, came under fire for tabling a Sandy aid package until after the New Year.   Congress is expected to vote on two additional bills authorizing more than $…

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Skitch

7:45 pm on Wednesday, January 9, 2013

@Rick. You are incorrect. Flood policies are thru the NFIP. The private insurance carriers are servicing carriers only. They collect the premium, issue the policy, service the claims and are reimbursed by the feds for their services. The adjusters handling the flood claims are required to be certified by the NFIP. So even the carrier who wrote your policy usually do not handle your claims. They …   more ›

Saturday, December 29, 2012

U.S. Senate Approves Sandy Relief Bill

The $60.4 billion aid package needs to pass in Congress before it reaches the President's desk.

A $60.4 billion Hurricane Sandy relief bill was approved by the U.S. Senate Friday, New Jersey Sen. Frank Lautenberg's office announced, putting it a House of Representatives passage away from reaching President Barack Obama's desk for certain signing.  The bill was crafted in part by Lautenberg, vice chairman of the Senate Appropriations Subcommittee, and would primarily benefit New York, New Jersey and Connecticut. The aid package, requested by Obama and championed by state officials, including Gov. Chris Christie, passed with bipartisan support in the Senate, 62-32. Congress has yet to vote on the bill, though the Republican-controlled House has raised significant opposition to the aid package. At a recent town hall, Christie urged …

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OClover

10:17 pm on Tuesday, January 1, 2013

LOL. How are you not able to access the wetlands, Vic? What special access do non-permanent residents have currently that they are "hoarding" and keeping you from enjoying? Are you unaware they you can hike in Corson's Inlet State Park anytime you please? Sincerely, Part-time resident---FULL TIME TAX PAYER!!!!!   more ›

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