I wanted to provide you all with two updates on Congressional action this morning.
· Omnibus Appropriations Update: Section 207 Delay – The House and Senate will advance this week an omnibus appropriations package that includes the Homeland Security Appropriations legislation, which includes a one year delay of Section 207 premium increases (all post-FIRM properties). We expect this to be signed into law by the end of this weekend.
· Senate Action on the Homeowner Flood Insurance Affordability Act – We expect Senate action on the Homeowner Flood Insurance Affordability Act possibly as soon as today. I will keep everyone posted as things develop.
George Kasimos
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