Flood insurance reform vote expected after President’s Day break

U.S. Rep Steven Palazzo, R-Biloxi, applauded an announcement from Majority Leader Eric Cantor stating that the House will hold a vote on broader flood insurance reform measures following the President’s Day district work period, according to a news release from Palazzo’s office.

“Steven Palazzo has been a tireless advocate for his constituents and instrumental in working toward a solution for the National Flood Insurance Program,” said Cantor. “His leadership on this issue has been critical.”

Palazzo has led the coalition that is actively working to bring broader flood insurance reforms to the House floor for a vote as soon as possible.

Over the past year, Palazzo has pushed for measures that would delay current rates and phase-in rates at a much slower pace, resulting in more compassionate flood insurance premiums for grandfathered and subsidized properties as well as home sales. These were initiatives Palazzo first proposed in legislation he introduced in March 2013.