President Obama Signs Flood Insurance Bill Into Law

President Barack Obama signs flood insurance bill into law.
(AP Photo/Charles Dharapak)

nola.com - by Bruce Alpert - March 21, 2014

WASHINGTON -- President Barack Obama Friday signed into law hard-fought legislation that will limit flood insurance premium increases to no more than 18 percent a year.

White House officials called Sen. Mary Landrieu, D-La., shortly after 1 p.m. CT to say the bill is now law.

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(CLICK HERE - H.R. 3370)