|By PR Newswire||
|March 4, 2014 07:50 PM EST||
WASHINGTON, March 4, 2014 /PRNewswire-USNewswire/ -- Following passage of the Flood Insurance Affordability Act (H.R. 3370) by the U.S. House of Representatives earlier today, National League of Cities (NLC) Executive Director Clarence Anthony released the following statement:
"We commend the House for joining the Senate by passing a bill that will help millions of homeowners facing skyrocketing increases in their flood insurance premiums. With the House passage of the Flood Insurance Affordability Act, we are one step closer to protecting cities and their residents from increases mandated by the Biggert-Waters Flood Insurance Reform Act of 2012.
"This legislation is critically important because it helps to ensure that flood insurance rate increases do not adversely impact local communities while at the same time keeping the National Flood Insurance Program solvent. We now call on the House and Senate to move quickly and agree on a final version of the bill for the president to sign.
The National League of Cities (NLC) is dedicated to helping city leaders build better communities. NLC is a resource and advocate for 19,000 cities, towns and villages, representing more than 218 million Americans.
SOURCE National League of Cities