This
bicameral, bipartisan legislation
introduced by Reps. Michael Grimm, R - N.Y., and Maxine Waters, D - Calif., and by Sens. Bob Menendez, D - N.J., and Johnny Isakson, R - Ga., would delay further implementation of major rate changes until the Federal Emergency Management Agency completes an affordability study required by Biggert - Waters; creates an office of the Advocate to investigate flood insurance rate increases; and reports to Congress with proposed solutions to any identified problems.