Bill to delay National Flood Insurance Program rate increases, enact NARAB II loses early procedural vote

U.S. House Republicans defeated an effort by House Democrats to force an expedited vote on legislation to delay some flood insurance rate increases for four years. A motion to end debate on the bill and bring it to a floor vote was defeated in a vote of 225 to 193—a vote that fell mostly along party lines. The legislation cleared the U.S. Senate, and it would not only delay rate increases, but also would reimburse homeowners for successful map appeals and establish a Flood Insurance Rate Map Advocate within the Federal Emergency Management Agency to answer policyholder questions about the flood-mapping process, among other changes. The legislation also includes language from the National Association of Registered Agents & Brokers Act to allow agents and brokers to work in multiple states. The combined bill is likely to face a tough road in the House as fiscal conservatives oppose any delay in rate increases for the National Flood Insurance Program. The bill will now work through the committee process, and it is unclear what changes will be inserted.    Source: PIA News

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