New Flood Insurance Bill Passes Senate

On March 4 the U. S. Senate passed the Homeowner Flood Insurance Affordability Act with a vote of 72-22.  The bill now goes to President Obama for his signature.  This bill solves many of the issues with the Biggert Waters Act of 2012 which placed undue hardships on many coastal property owners.  Both Florida Senators, Bill Nelson and Marco Rubio voted in favor of the bill.  Here is link that compares the new bill with the previous one.   http://www.ksefocus.com/billdatabase/clientfiles/172/4/1975.pdf

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