Less than two years after Congress approved a landmark bill to overhaul the federal flood insurance program, lawmakers are poised to undo many of the changes after homeowners in flood-prone areas complained about sharp increases in premiums.

The House overwhelmingly passed a bill late Tuesday night that would allow sellers to give their subsidized, below-market insurance rates to new buyers and lower the cap on how much flood insurance premiums can rise each year.

West Virginia Rep. Nick Rahall, a Democrat, and Reps. Shelley Moore Capito and David McKinley, both Republicans, voted for the insurance overhaul.

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