WASHINGTON, D.C. – March 6, 2014 – (RealEstateRama) — Congressman Mario Diaz-Balart (R-FL) released the following statement after the passage of H.R. 3370, The Homeowner Flood Insurance Act of 2014:
“Today’s vote helps address the harmful and unintended consequences of the Biggert-Waters bill. It applies a commonsense approach, including lasting relief for homeowners while maintaining necessary reforms to provide long-term solvency to the flood insurance program. With passage of this bill, Floridians can rest a little easier knowing that they will be protected from immediate and drastic premium hikes. This bill will help stabilize our real estate market, while also protecting the pockets of hardworking American taxpayers. I would like to thank Majority Leader Cantor for recognizing the need for a vote on this important issue.”
Diaz-Balart has been working with Representatives Grimm, Cassidy, Scalise, Nugent, Capito, Bilirakis, Palazzo, LoBiondo, Buchanan and Ross to find a solution to resolve the unintended consequences of Biggert-Waters.
