[StBernard] Senate Passes Critical Flood Insurance Legislation

[Westley Annis]

Senate Passes Critical Flood Insurance Legislation

Waters Calls for Immediate Action by the House

 

WASHINGTON, D.C. - Following Senate passage of bipartisan, bicameral
legislation to fix the National Flood Insurance Program (NFIP),
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial
Services Committee, released the following statement: 

 

"This is a huge step toward providing much needed relief for our nation's
homeowners. Yet the thousands of families reeling from flood insurance hikes
will see no assistance unless the House of Representatives brings this
measure up for a vote. Tens of thousands of homeowners are now looking to
Speaker Boehner and Majority Leader Cantor for the relief they need so
badly. I, along with so many of them, believe the House should act
immediately to ensure this bipartisan legislation is enacted into law."

 

The measure would delay increases in flood insurance premiums until the
Federal Emergency Management Agency (FEMA) puts in place a plan to ensure
they are implemented affordably. Attention now turns to the House of
Representatives, where companion legislation (H.R. 3370) has been introduced
by Rep. Waters. Currently,  more than 180 members of Congress
<http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HR03370:@@@P>  - on both sides
of the aisle - have cosponsored the measure.

 

###