ABSTRACT

Flood Insurance Reform: FEMA's Perspective, Hearing Before the Subcommittee on Housing and Insurance of the Committee on Financial Services, U.S. House of Representatives, One Hundred Fifteenth Congress, First Session, March 9, 2017   [open pdf - 273KB]

This testimony compilation is from the March 9, 2017 hearing, "Flood Insurance Reform: FEMA's Perspective" before the U.S. House of Representatives Subcommittee on Housing and Insurance of the Committee on Financial Services. From the statement of Roy Wright: "Flooding continues to be the most common and costly natural disaster in the United States, with the greatest damage potential of all natural disasters worldwide. Over the past 50 years, the NFIP [National Flood Insurance Program] has helped communities, households, and businesses reduce flood risk, supported flood risk analysis and mapping projects, expanded sound floodplain management practices across the country, and reduced the financial burden to survivors when floods occur. We recognize that the nation faces broad public policy questions around flood insurance affordability, continued development in flood-prone areas, the soundness of the NFIP's financial framework, and greater private sector participation in flood insurance markets. Through all of this, FEMA's priority is to increase flood insurance coverage so that disaster survivors can recover more quickly and fully after flood events. Through a timely, multi-year reauthorization, Congress would enable FEMA to continue supporting those who take steps to protect their homes and businesses." Statements, letters, and materials submitted for the record include those of the following: Roy Wright.

Publisher:
Date:
2017-03-09
Copyright:
Public Domain
Retrieved From:
House Committee on Financial Services: http://financialservices.house.gov
Format:
pdf
Media Type:
application/pdf
URL:
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