House Passes Bipartisan Flood Insurance Legislation

Press Release

Congresswoman Lois Frankel joined House colleagues to pass bipartisan flood insurance legislation that provides important flood insurance rate relief to homeowners and brings accountability to the National Flood Insurance Program (NFIP) and the Federal Emergency Management Agency (FEMA).

"I am pleased that the House has reached a reasonable compromise to end unaffordable flood insurance rate hikes and to protect homeowners and prospective homebuyers in Florida and other flood-prone states," said Congresswoman Frankel.

The Senate can pass this legislation or negotiate with the House on a final bill. In either case, there must be quick final action.

"Without a Congressional fix, Florida's housing market and economy will be dramatically jeopardized," Frankel said.

For the last few months, Congresswoman Frankel has pushed for a bipartisan approach to address skyrocketing flood insurance rates. She has pointed out how owners of modest homes are seeing steep jumps in their flood insurance rates.

Source