House passes bill to renew flood insurance program

Favicon KSAT 12

The House has passed legislation that will increase flood insurance premiums for many property owners to help firm up a program under stress from ever-more frequent and powerful storms.The bill's passage Tuesday was secured when sponsors agreed to accommodate lawmakers determined to protect constituents from steeper rate hikes.The measure passed 237-189. Opposition largely came from Democratic lawmakers, but some Republicans also argued that recent changes to the bill didn't go far enough to keep rates affordable.Just last month, the National Flood Insurance Program needed a $16 billion...

Read the full article here: KSAT 12

The post: «House passes bill to renew flood insurance program» has been published on the website KSAT 12 where, everyday, you can find the latest news about San Antonio's area.

Get more articles about this topic

Leave a comment