Smart Bites for July 12, 2011

BREAKING: National Flood Insurance Program Reauthorization legislation will be presented on the U.S. House of Representatives floor today. Calls For Changes to NFIP Reauthorization: In a letter to House Speaker John Boehner (R-OH) and House Minority Leader Nancy Pelosi (D-CA), said they are pleased that the House of Representatives supports reauthorization of the National Flood Insurance Program (NFIP) but cautioned that specific provisions should be added – and removed – from the current legislation to make the program more fiscally sound and effective. “H.R. 1309 goes a long way in moving the program to risk based rates and ensuring flood insurance can continue for those at risk,” said  “However, there are changes that should be made to better protect taxpayers and the environment.” said two proposed amendments that should be added to the bill to make the NFIP more viable for U.S. taxpayers include an amendment  offered by Rep. Flake (R-AZ), which would strike from the bill a section allowing the program to sell additional coverages; and an amendment  offered by Rep. Waters (D-CA), which would streamline and make permanent three key programs that help mitigate against flood damage and protect the environment while reducing unnecessary losses due to repetitive flood loss claims to the same properties.  Click here to read more. is a national coalition made up of a diverse set of voices united to support environmentally-responsible, fiscally-sound approaches that promote public safety. The Coalition strongly opposes legislative proposals that encourage people to build homes in hurricane-prone, environmentally-sensitive areas by creating new programs that directly or indirectly subsidize their homeowner’s insurance.