A Senate vote on legislation that would delay flood insurance premium increases for up to four years may take place next week. The bill that has been drafted would delay most of the rate hikes until FEMA completes the affordability study mandated by the law, proposes alternatives to the rate hikes, and gives Congress adequate time to review their findings. Revisiting the flood insurance premium rate increases has broad support in Congress, with members of Congress from Hawaii to Vermont urging passage of such legislation.
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