Statement Urges Senate Action After House Financial Services Committee Passes NFIP Reform as Part of Deficit Reduction

For Immediate Release

WASHINGTON ‒ today released a statement urging the U.S. Senate to pass bipartisan National Flood Insurance Program reform after the House Financial Services Committee passed reform as part of deficit reduction:
“The SmarterSafer coalition commends the House Financial Services Committee for taking further action to reform and strengthen the National Flood Insurance Program (NFIP), which is $18 billion in debt to American taxpayers. The full House passed legislation to reform the NFIP in July of 2011 by an overwhelming bipartisan vote of 406-22, however, the Senate has failed to act. Without action before May 31, 2012, another short-term extension will be needed. Short-term extensions lead to uncertainty for property owners and homebuyers and do not address severe weaknesses in the program that continue to hurt the environment and burden taxpayers.

“The Senate must pass real reform and long-term reauthorization of the NFIP, which would save taxpayers nearly $5 billion. Reform helps decrease the deficit, will protect people through better mapping and risk mitigation, and will stabilize the flood insurance program. The Senate needs to act now so this bipartisan measure can become law.” 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.

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Contact: Matt Englehart
(202) 415-5313