After the senate had allowed the National Flood Insurance Program and the COBRA subsidies to lapse since March 31; the President signed into law an extension of the two programs today.
President Obama signed the bill the Senate and House both approved yesterday. The COBRA subsidy portion of the bill extends the 15 month, 65% federal premium subsidy to May 31 for employees who were laid off. The last extension had expired on March 31. There is pending legislation in the House that would extend the subsidy to employees laid off through the end of 2010.
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