Legislation was introduced in the House late Friday night that would substantively roll back the National Flood Insurance Program rate hikes imposed by 2012 legislation.
The legislation, H.R. 3370, was introduced by the House Republican leadership in order to clear the way for a quick vote next week. Some changes are expected to be made today. The bill is the House Republican answer to S. 1926, legislation passed by the Senate Jan. 30 that effectively delays all the rates increases until after the current authorization for the NFIP expires Sept. 30, 2017, according to an analysis by researchers at the Heritage Foundation.
The House Republican leadership is acting after Republicans in vulnerable states like Florida opposed the initial policy of stonewalling the Senate bill and threatened to force a vote on it.
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