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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.