The House will not vote until next week on legislation that effectively repeals a 2012 law mandating phase-in of actuarial rates for the National Flood Insurance Program (NFIP).

House Majority Leader Rep. Eric Cantor, R-Va., the primary sponsor of the House bill, told members of the House Republican caucus this morning that a vote he wanted Thursday on his legislation will not be held because he lacked the votes to push it through under accelerated rules that requires a two-third vote in the House.

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