|Boehner: House won't repeal flood insurance hikes||| Print ||
|Written by ANDREW TAYLOR, Associated Press|
|Thursday, 16 January 2014 14:24|
WASHINGTON (AP) — Speaker John Boehner says the GOP-controlled House won't take up legislation aimed at neutering a 2012 overhaul of the federal flood insurance program that is hitting homeowners who have long paid below-market rates with big premium hikes.
The Ohio Republican said "we're not going to do that" when the topic was broached in a hallway exchange with The Associated Press in the Capitol complex.
The bipartisan 2012 overhaul of the much-criticized flood insurance program is requiring owners of vacation homes, frequently-flooded properties, and businesses to lose their subsidized rates over time. Other homeowners can keep their subsidies but can't pass them on when selling their houses, which has caused a disruption in home sales.
The Senate will shortly take up legislation to delay major elements of the 2012 law.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Front Page Stories
|Perrysburg Twp. man gets 22 years for rape, assault
07/25/2014 | PETER KUEBECK, Sentinel Staff Writer
A Perrysburg Township man was sentenced to more than 22 years in prison Thursday afternoon after bei [ ... ]
|Otsego approves contract with staff|
07/25/2014 | Sentinel-Tribune
TONTOGANY - The Otsego school district has inked a new three-year contract with [ ... ]