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The U.S. House voted overwhelmingly March 4 to approve bipartisan legislation that would block dramatic increases in premiums paid by some property owners covered under the National Flood Insurance Program.
The House bill, called the Homeowner Flood Insurance Affordability Act, which could be voted on by the U.S. Senate this week, rolls back key provisions of a 2012 law that would have eventually removed flood insurance subsidies and caused premiums to rise dramatically on homes in areas more prone to flooding.
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