The House Financial Services Committee this week approved legislation that would increase the National Flood Insurance Program’s borrowing authority to $22 billion, allowing it to pay claims resulting from Hurricanes Rita and Katrina. H.R. 4320, the National Flood Insurance Program Commitment to Policyholders and Reform Act of 2005, was approved by voice vote after lengthy debate on three amendments offered by Reps. Richard Baker, R-LA, Gary Miller, R-CA, and Melvin…