House bill passes to raise flood in­surance pre­mi­ums

Las Vegas Review-Journal - - MORNING BRIEFING -

The House on Tues­day backed 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 was se­cured when spon­sors made a va­ri­ety of changes to ac­com­mo­date law­mak­ers de­ter­mined to pro­tect con­stituents from even steeper rate hikes or from be­ing booted out of the pro­gram al­to­gether. The vote was 237-189.

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