Trump administration requests disaster funding

The Trump administration requested $30 billion in emergency funding for Florida, Texas, Puerto Rico and other areas impacted by recent hurricanes and wildfires. This funding includes $12.8 billion for the Federal Emergency Management Agency’s disaster relief fund, $16 billion in debt forgiveness for the National Flood Insurance Program (NFIP) and $576.5 million for the Forest Service’s firefighting fund. The White House also outlined proposed changes to NFIP including opening up the market for flood insurance to private insurers, provisions on repetitive loss properties, not allowing new properties to purchase insurance through NFIP and affordability assistance for low-income policyholders.

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