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On Jan. 30, the Senate approved the Homeowner Flood Insurance Affordability Act (S. 1926), legislation that would provide relief from rising flood insurance premium rates for site owners across the nation. Premium increases for National Flood Insurance Program (NFIP) policyholders had been scheduled to take effect this year. The bill, which was introduced by Senator Robert Menendez (D-NJ), delays the increases for about four years.
