"House Republicans overcame bipartisan opposition Tuesday to pass a bill that would reauthorize and overhaul the National Flood Insurance Program, which has strained to pay out billions of dollars to policyholders after this year's run of devastating hurricanes.
The House passed the bill in a 237-189 vote following months of debate and dealmaking over how much to scale back the primary tool that millions of homeowners rely on to protect themselves from the financial risks of flooding.
The bill would reauthorize the NFIP for five years and enact several operational changes championed by Financial Services Chairman Jeb Hensarling (R-Texas), the fiscal conservative who led an effort to pare back the program as part of the reauthorization bill."
Zachary Warmbrodt reports for Politico November 14, 2017.
SEE ALSO:
"Flood Insurance Reform Bill Passes House" (Houston Chronicle)
"All South Floridians in the House voted against flood-insurance overhaul. Here’s why" (Miami Herald)
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