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Congress introduces bill to lower flood insurance prices 

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The legislation, known as NFIP-RE Act of 2023, would limit price increases to a 9% hike, down from an 18% hike. It would also help out low- and moderate-income homeowners and renters struggling to afford flood insurance, and forgive interest payments on the debt that FEMA has accumulated because flood insurance revenues have been nowhere near enough to pay for damages incurred.

Source: The Advocate