Senate Will Weigh Delay On Flood Insurance Rate Hikes

Law360, Washington (January 27, 2014, 8:20 PM EST) -- The U.S. Senate on Monday voted to advance legislation delaying mandated rate hikes and other adjustments to the government-backed National Flood Insurance Program, with the vote winning overwhelming bipartisan support.

Senators voted 86-13 to proceed to consideration of S. 1926, the Homeowner Flood Insurance Affordability Act, setting up the potential for further votes on the legislation — including a possible up-or-down decision — later in the week.

The bill, introduced earlier in January by Sen. Robert Menendez, D-N.J., builds on previous bills introduced by the senator...
To view the full article, register now.