Congress Approves Bill To Curb Flood Rate Hikes

Dated: March 5 2014

Views: 4192

  The House of Representatives have passed The Homeowner Flood Insurance Affordability Act with a vote of 306-91.  The bill will now proceed to the Senate for consideration.  The bill was introduced to assist homeowners and businesses in Southern NJ by making flood insurance premiums more reasonable.  After Superstorm Sandy there was alot of uncertainty as to how homeowners and businesses would be effected by flood insurance premium hikes.  To view the bill in its entirety go to http://beta.congress.gov/bill/113th-congress/house-bill/3370.

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