Lawmakers seeking 2-to-4 year delay in flood insurance rate hikes
U.S. Sen. Mary Landrieu, D-La., says she is building support for legislation that would mandate a two-to-four-year delay in new flood insurance rates that are causing alarm across Florida.
"We’re building a strong coalition of Republicans and Democrats," she said in an interview, noting that Sen. Johnny Isakson, R-Ga., has signed on as a sponsor.
Lawmakers had been focused on a one-year delay, so they could work on fixes to the legislation. But even as they held a news conference last week -- the same day changes went into effect -- they acknowledged they did not have a formal plan.
Landrieu on Tuesday, however, said it is developing. "We’re going to try to have anywhere from a 2 to 4 year delay. More and more people are learning that this affects many, many and so we’re building a lot of support.”
Florida Sens. Bill Nelson and Marco Rubio are involved in the effort.