OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Cassidy Introduces Flood Insurance Reform Legislation

Press Release

Date: Aug. 2, 2013
Location: Washington, DC
Issues: National Security Finance and Banking Housing and Property

Today, Congressman Bill Cassidy, M.D. (R-LA) introduced the Home Protection Act of 2013. This legislation prevents portions of Section 205 and Section 207 of the Biggert-Waters Flood Insurance Reform Act of 2012 from going forward until FEMA and local stake holders complete and implement the LAMP process. This two-way dialogue between local stakeholders will help ensure appropriate credit is given to community flood protection measures.

"Over 280 Members of the U.S House of Representatives already supported delaying flood insurance hikes on the homeowners and small businesses" said Cassidy. "This legislation would give homeowners and small businesses certainty that their flood insurance rates won't arbitrarily and unfairly increase. It's another critical step toward providing a long-term solution to the National Flood Insurance program by balancing fiscal solvency with consumer affordability."


Source
arrow_upward