"Today’s vote in the House signals strong bipartisan and bicameral support for providing relief to homeowners and businesses from drastic flood insurance premium hikes," Wicker said. "Millions of Americans are facing massive increases in flood insurance rates, which would threaten livelihoods and communities nationwide.
(Reuters) – House and Senate members have reached a bipartisan agreement to delay by at least four years a flood insurance rate hike that would impact more. it’s anticipated their legislation could.
The Senate has easily passed a bill tofor years for hundreds of thousands of homeowners who buy flood insurance from the federal government. Thursday’s sweeping 67-32 vote reflects widespread concern about changes enacted two years ago to shore up the program’s finances.
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In response to the uproar by constituents, Democrats and GOP conservatives in the House teamed up on a 281-146 vote in June to delay. Insurance Commissioner Mike Chaney has said he wants to sue the.
The U.S. Senate’s overwhelming vote Thursday to suspend exorbitant flood insurance rate increases sent an encouraging message to. House should delay flood insurance rate hikes as Senate did.
Republican and Democratic members of the House of Representatives and the Senate unveiled a bill that would delay the flood insurance rate increases that are starting to go into effect under a law. Congressman Bill Cassidy, R-Baton Rouge, has offered a bill to delay. the current House’s bill extension through March, 2015.
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Bill Cassidy, R-Baton Rouge (right) that would delay some hikes. a House-passed measure blocking the Federal Emergency Management Agency from using its 2014 budget to implement the higher premiums.
Comprehensive Flood Insurance Legislation Passes House. In an overwhelmingly bipartisan vote of 301-91, today the U.S. House of Representatives passed comprehensive legislation designed to end unaffordable flood insurance rate hikes. congresswoman maxine waters (D-CA), Ranking Member of the House Financial Services Committee,
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The U.S. House of Representatives passed a flood insurance bill tuesday night that could signal the coming of relief for Florida families trying to deal with massive rate hikes.
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After months of political posturing, the U.S. Senate agreed Monday to allow debate on stalled legislation that would delay dramatic flood insurance. House Republicans are looking for an alternate.