WASHINGTON (2/28/14)--Progress in the House on legislation to enact reforms to the National Flood Insurance Program (NFIP) has slowed a little due to some very technical issues that House leadership hopes to have resolved soon. A vote expected this week now is expected to be on next week's House floor agenda.
The key provision of the bill would delay planned increases in flood insurance premiums until the Federal Emergency Management Agency puts in place a plan to ensure they are implemented affordably. (See resource link to read more on other provisions.)
Last month, the Senate passed similar legislation, the Homeowner Flood Insurance Affordability Act, with bipartisan support and the House is expected to do the same.