The Senate on Thursday delayed action until next week on legislation passed by the House that effectively scraps a flood insurance premium structure imposed by a 2012 law and replaces it with an entirely different scheme.
Industry lobbyists said the vote was postponed because several conservative Republicans objected to allowing H.R. 3370 on the floor under expedited procedures. All Democrats agreed to prompt action under a so-called “hotlining procedure,” but several Republicans objected. The Senate is off today.
They did so despite the fact there is strong support from Republicans in coastal states. For example, Sen. David Vitter, R-La., said “both the Senate and now the House have come together in a major, bipartisan way” to fix the NFIP.”
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