Flood insurance that's federally subsidized is running a big deficit.
Premiums were set to automatically increase to keep the plan funded.
Last night the US House of Representatives passed a bill that extends federal subsidies for the insurance.
That means premiums would stay affordable for most.
People who are covered by the insurance were happy to hear it.
The bill passed by the House of Representatives now goes onto the Senate where it is expected to pass
Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.