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Senators Pledge To Find Legislative Solution To Keep Flood Insurance Rates Down

Senators Pledge To Find Legislative Solution To Keep Flood Insurance Rates Down

A bipartisan group of senators, including David Vitter and Mary Landrieu, pledged Tuesday at a Capitol Hill press conference to continue work on a legislative solution to keep flood insurance affordable.

Vitter said despite following the rules, many families in Louisiana face unaffordable rate increases under the Biggert-Waters Flood Insurance Reform Act of 2012.

"Not just rate increases, which we all accepted as part of flood insurance reform to make the program solvent, but completely unaffordable rate increases which could literally throw people out of their homes," Vitter said.

Vitter says he's very encouraged by the actions taken in the Congress so far to keep rates affordable.

"The House, on an appropriations bill, has already passed significant language  to protect rates that were previously grandfathered of those families I was describing," Vitter said.

 

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