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UPDATE: Obama signs bill to override TVA ban on floating homes

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Homeowners who call the lakes within the Tennessee Valley Authority's district home are breathing easier.

President Barack Obama has signed legislation that recently passed Congress that changes proposed changes in the TVA regulation of floating homes.

The authority had released results of a study in February citing several concerns from the homes on the water, including navigation, environmental and other safety issues.

The legislation, drafted by western North Carolina Senator Richard Burr, only protects home currently built and on the water- not new home construction. The bill also calls for those existing homes to be brought up to standard within the next five to 15 years.

The TVA Board of Directors passed the amendment earlier this year that called for floating homes to be taken out of the water altogether within the next 30 years under a sunset clause provision.

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