By a vote of 86 to 13, the U.S. Senate has approved a procedural motion to begin debate on S. 1926, the “Homeowner Flood Insurance Affordability Act.” S. 1926 will delay unusually rapid increases in premiums for flood insurance policies purchased through the National Flood Insurance Program.
During debate on S. 1926, CAI Government Affairs projects the Senate may consider as many as 10 amendments to the legislation. Proposed amendments range from technical changes to the legislation to proposals that will significantly modify S. 1926. While the Senate is scheduled to consider S. 1926 through the end of the week, it is possible a vote on final passage will occur as early as Wednesday, January 29th. CAI Government Affairs will continue to monitor Senate debate and provide information updates as necessary.
If you have any questions or comments regarding S. 1926 and changes to federal flood insurance, please contact CAI Government Affairs at government@caionline.org or (888) 224-4321.
CAI Government Affairs represents the interests of the 62.5 million people living and working in America’s community associations on legislative and regulatory issues at the local, state, and federal level of government.
