HOMEOWNER FLOOD INSURANCE AFFORDABILITY ACT OF 2014 SEEKS TO CURB FLOOD INSURANCE HIKES
Introduced on January 14, 2014 and already passed in the U.S. House of Representatives and the Senate, the Homeowner Flood Insurance Affordability Act of 2014 (HR 3370) seeks to remedy various negative consequences resulting from the Biggert-Waters Flood Insurance Reform Act of 2012. The National Flood Insurance Program (NFIP), created in 1968 by the National…