Regulation/Legislation

CBO: Bill to Delay Flood-Rate Hikes Would Add $2.2B to NFIP Debt over 10 Years

The Congressional Budget Office says efforts to delay flood-insurance rate hikesas proposed in a Senate bill under considerationwould add $2.2 billion to the National Flood Insurance Programs debt over 10 years, raising concerns that the bill will run into strong opposition in the House.