Washington, D.C. – (RealEstateRama) — The U.S. House of Representatives unanimously passed the Flood Insurance Market Parity and Modernization Act introduced by U.S. Representatives Dennis Ross (FL-15) and Patrick E. Murphy (FL-18) with a vote of 419-0. This bipartisan bill will allow competition in the flood insurance marketplace to meet homeowners needs and drive down costs. The bill will now be sent to the Senate for consideration.
“This bill is a win-win for Florida families, giving them more options for flood insurance coverage and bringing down the cost of policies,” said Murphy. “It was great to see our legislation pass with unanimous support, and I urge the Senate to swiftly follow suit.”
To read the guest column by Reps. Ross and Murphy on this legislation, click here. To view Murphy’s remarks on the House floor in support of this bill, click here: