WASHINGTON (3/5/14)--The Homeowner Flood Insurance Affordability Act (H.R. 3370) passed the House last night by a 306-91 vote.
The bill, in part, would delay planned increases in National Flood Insurance Program premiums until the Federal Emergency Management Agency puts in place a plan to ensure they are implemented affordably.
In January, the Senate passed similar legislation, the Homeowner Flood Insurance Affordability Act (S. 1926), with the same kind of bipartisan support the House bill saw Tuesday.
The House and Senate bills must now be reconciled before they can be sent to the president and signed into law.