WASHINGTON--Legislation to reform the National Flood Insurance Program is being kept from a vote on the Senate floor by a Louisiana senator who objects to rate increases it contains.
The legislation, known as the Flood Insurance Reform and Modernization Act, was sponsored by the chairman of the Senate Banking Committee, Chris Dodd, D-Conn., along with the panel's ranking member, Richard Shelby, R-Ala. It was approved by the committee earlier this week, but Sen. Mary Landrieu, D-La., has filed a hold on the measure.
Stephanie Allen, Sen. Landrieu's press secretary, said her boss "just didn't see any progress" from the language in the flood reform bill which she put a hold on last year.
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