ICYMI: House Repeals Some Flood Insurance Hikes

After weeks of revisions by both House Republicans and Democrats, the Homeowner Flood Insurance Affordability Act passed 306-91 following a brief debate on the floor.

Before the vote, members of both parties made passionate appeals in favor of the legislation, saying it would relieve homeowners burdened by excessive premiums while ensuring the deeply-indebted National Flood Insurance Program remains solvent.

"It will provide relief for homeowners struggling to keep their homes. It will ensure all participants in the flood program are treated fairly and eliminate an untenable financial burden in these tough economic times," said Rep. Gus Bilirakis, R-Palm Harbor.

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