Reid sets up flood insurance vote for late January

In the Senate's last act for the week, Majority Leader Harry ReidHarry ReidSuper-PAC targets Portman on trade Dem leader urges compromise on FCC set-top box plan Senate Dems introduce Iran sanctions extension MORE (D-Nev.) filed a motion to end debate on legislation that would delay scheduled flood insurance rate increases.

Reid's motion, which was approved by unanimous consent, means the Senate will vote on Jan. 27 on ending debate on that legislation, S. 1926 from Sen. Robert MenendezRobert MenendezGMO labeling bill advances in the Senate over Dem objections Overnight Finance: Trump threatens NAFTA withdrawal | Senate poised for crucial Puerto Rico vote | Ryan calls for UK trade deal | Senate Dems block Zika funding deal Menendez rails against Puerto Rico bill for 4 hours on floor MORE (D-N.J.).

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Members of both parties have been searching for ways to slow down the pending rate increases, which were approved in 2012 as a way to ensure the financial viability of the National Flood Insurance Program.

Republicans and Democrats have fought all week on amendments to a bill extending emergency unemployment insurance. But Reid said the two parties seem fine with allowing up to 10 amendments to the flood insurance bill, when they return.

Both the House and Senate are off next week for the Martin Luther King Jr. holiday. However, neither appear to be formally recessing, and instead they will hold a few pro forma sessions in between now and the week of Jan. 27.

The Senate will hold its first pro forma session at 11:15 a.m. Friday, and the House will do the same at 1 p.m. No legislative work is expected in either meeting.

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