As Congress Stalls on Flood Insurance Bill, Make Your Opinion Known
House leaders are delaying floor action on the Homeowner Flood Insurance Affordability Act of 2014 until next week, according to Democratic and Republican aides. Rep. Eric Cantor (R-VA) told his conference in a private meeting that he’ll “work with Democrats” to further conform to their ideas of how the flood insurance bill should look.
CQ reports (sub. req’d):
Lawmakers have been trying to negotiate a “modified” version of a bill that passed in the Senate (S 1926), but have struggled to get enough votes to pass it under suspension of the rules.
As they negotiate, you have the opportunity to make your voice heard on how your representatives should proceed. They should know that this bill is harmful to taxpayers and unnecessarily delays reforms to the National Flood Insurance Program.
Taxpayers should not be forced to continue subsidizing high-risk development of flood-prone areas. The Biggert-Waters Flood Insurance Reform Act of 2012 increases financial accountability among homeowners and removes an undue burden on taxpayers. Repealing reforms to NFIP implemented by the Biggert-Waters reform act further inhibits any path forward to an authentic private flood insurance market.