Senate Sends Flood Insurance Rate Rollback Bill To Obama

Law360, Washington (March 13, 2014, 6:49 PM EDT) -- The U.S. Senate on Thursday voted strongly in support of a bill to roll back steep rate hikes and other mandated adjustments to the troubled National Flood Insurance Program, sending the legislation along for presidential approval.

The bill, H.R. 3370, the Homeowner Flood Insurance Affordability Act, passed in a 72-22 vote — alongside a measure barring premium relief for flood insurance on second homes, S. 2137, which passed by voice vote — after being quickly brought to the floor for a vote following the parties reaching...
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