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The Senate Thursday overwhelmingly passed and sent to the House legislation that would effectively delay for up to four years implementation of flood insurance premium rate hikes imposed by a 2012 law. The vote was 67-32.

The National Flood Insurance Program has more than 5.6 million subscribers. The Senate acted under tremendous pressure of the unintended consequences of the Biggert-Waters Act of 2012, which mandated imposition of actuarial rates for the NFIP over four years.

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