FLOOD LEGISLATION PASSES HOUSE

On Tuesday of this past week, the US House passed the “21st Century Flood Reform” revised bill with a 237-189 vote.  This bill had several compromises compared to the original bill text from June.  Items that were removed from the original bill include the prohibition on flood insurance for new construction in the flood zone and The prohibition […]

NEGOTIATIONS LEAD TO NEW FLOOD BILL

In the past several months, we have been updating you on the progress Congress is making about the upcoming expiration of the National Flood Insurance Program on December 8th 2017.   In the US House, an agreement has been reached between House Leadership and Chairman of house financial services Representative Hensarling to move the US House […]