Despite attempts by some House members to repeal the Biggert-Waters Act due to its effect on climbing flood insurance premiums, House Speaker John Boehner told reporters last week the law is here to stay as far as he's concerned.
"While I don't support repealing the 2012 law, we're listening to members and the alternative ideas they are offering on this issue," said Boehner. "There have been ongoing discussions with members, and the House may consider changes to the law in the weeks and months ahead that both help homeowners and protect taxpayers."
When the Senate reconvenes next week, its members will once again debate the Menendez-Isakson Homeowner Flood Insurance Affordability Act, which includes the kind of alternative reform language that Boehner said he'd consider.
