Email Your Senators to Oppose the Homeowner Flood Insurance Affordability Act
On Monday night, the Senate voted to open debate on the innocuously named Homeowner Flood Insurance Affordability Act (S. 1926), which would delay reforms enacted to place the National Flood Insurance Program (NFIP) on sounder footing.
The Biggert-Waters Flood Insurance Reform Act of 2012, signed into law last year, was designed to provide relief to taxpayers, already burdened with $17 trillion in debt, by enacting common-sense reforms to the flawed NFIP and transitioning flood insurance to the private sector.
Tell your Senators that the Homeowner Flood Insurance Affordability Act sets a terrible precedent of promising reform and then never allowing real reform to go into effect. Taxpayers should not be forced to continue subsidizing high-risk development of flood-prone areas.