Congress Completes $60.2 Billion in Hurricane Sandy Aid

Congress completed a $60.2 billion aid package to help rebuild communities devastated by Hurricane Sandy three months after the storm struck the U.S. Northeast.

The Senate cleared the legislation 62-36 yesterday. It will provide $50.5 billion for victims’ needs and rebuilding of roads, bridges and mass-transit systems.

The bill goes to President Barack Obama for his signature. In addition, Congress passed a $9.7 billion increase in the national flood insurance fund’s borrowing authority on Jan. 4.

Jan. 28 (Bloomberg) -- Congress completed a $60.2 billion aid package to help rebuild communities devastated by Hurricane Sandy three months after the storm struck the U.S. Northeast.

It will provide $50.5 billion for victims’ needs and rebuilding of roads, bridges and mass transit systems. In addition, Congress passed a $9.7 billion increase in the national flood insurance fund’s borrowing authority on Jan. 4.

The storm hit Oct. 29 with hurricane-force winds and flooding that killed more than 125 people in 10 states. It ravaged shore communities from New Jersey’s Atlantic City to Bridgeport, Connecticut.