House leaders pull bill amid political uncertainty

摘要

Republican House leaders delayed a vote on flood insurance today after facing opposition from Democrats and conservative groups. A vote is expected next week. The bill, H.R. 3370, seeks to dismantle many of the rate increases required by the Biggert- Waters Flood Insurance Reform Act of 2012. It would eliminate a major provision in the 2012 law that phases out discounts for grandfathered homeowners whose rates are below those specified by updated flood maps. The measure, sponsored by Reps. Michael Grimm (R-N.Y.) and Bill Cassidy (R-La.), was scheduled to receive a vote on today's suspension calendar. It was pulled when Democrats expressed reservations about small details of the bill, preventing Republicans from mustering the two-thirds necessary for passage.