Marino: Legislation targeting Flood Act falls short of goal
SUNBURY — Congressmen representing the Valley said Wednesday that even after the approval of legislation delaying key provisions of the Biggert-Waters Act of 2012, their work is not done.
The U.S. House on Tuesday overwhelmingly passed a bill that rolled back provisions of Biggert-Waters, including the repeal of certain premium rate increases and the restoration of grandfathered rates. The Homeowner Flood Insurance Affordability Act — House Resolution 3370 — also establishes annual rate increases and surcharges to ensure homeowners are paying rates reflective of what was disclosed at the time they purchased their property.
U.S. Rep. Tom Marino, R-10, Cogan Station, had previously said he did not support a delay but instead a full repeal. However, Marino said he voted for the Flood Insurance Affordability Act to provide a small amount of relief to homeowners.