Homeowners one step closer to flood insurance relief

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, March 5, 2014 12:05 am

WASHINGTON- The House approved legislation to roll back an overhaul of the National Flood Insurance Program.

The measure addresses the 2012 Biggert-Waters Flood Insurance Reform Act, aimed at getting the FEMA program out of debt.  In part, the plan called for homeowner subsidy cuts, sending premiums through the roof.

The House bill would allow sellers to pass along their subsidized, below-market insurance rates to new buyers, and lowers the cap on how much premiums can rise each year.

In response to the vote, Congressman Vern Buchanan says "today's bill is a victory for thousands of struggling homeowners in Sarasota and Manatee Counties."  Rep. Buchanan is urging the Senate to pass the bill as well.

More about

More about

More about

Reference Links

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.

Right Now

weather

Today

weather
63°
Details

Tomorrow

weather
68°
Details

Today

weather
62°
Details

Today

weather
72°
Details

SUBMIT PHOTOS & VIDEOS | VIEW ALL PHOTOS & VIDEOS

Send your photos & videos to Pix@MySuncoast.com and you could be featured on ABC 7 & our website.