Cassidy Commends Vitter, Senate For Advancing Flood Insurance Reform

WASHINGTON – March 13, 2014 – (RealEstateRama) — Today, Congressman Bill Cassidy praised Senator David Vitter and the Senate’s efforts in advancing the Grimm-Cassidy amended version of the Homeowner Flood Insurance Affordability Act.  Senator Vitter announced today that he is “very hopeful” the Senate will vote on flood insurance today or tomorrow.  Dr. Cassidy released the following statement:

“I am pleased that the Grimm-Cassidy substitute amendment to the Homeowner Flood Insurance Affordability Act is advancing in the U.S. Senate.  This essential legislation will help make flood insurance affordable by reinstating grandfathered rates, repealing the home sale trigger and capping premium increases.  I am proud to be part of the team which helped lead the charge to get this bill passed in the House. Now, I urge the Senate to pass this legislation as quickly as possible so families and small businesses in Louisiana receive long-term flood insurance relief.”

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