Senate Passes Critical Flood Insurance Legislation
Waters Calls for Immediate Action by the House
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 – on both sides of the aisle – have cosponsored the measure.