ABSTRACT

Preparing for the Storm: Reauthorization of the National Flood Insurance Program, Hearing Before the Committee on Financial Services, U.S. House of Representatives, One Hundred Sixteenth Congress, First Session, March 13, 2019   [open pdf - 14MB]

This is the March 13, 2019 hearing on "Preparing for the Storm: Reauthorization of the National Flood Insurance Program" held before the U.S. House Committee on Financial Services. From the opening statement of Maxine Waters: "We are here today to discuss the future of the National Flood Insurance Program (NFIP), which is critical to ensuring access to flood insurance coverage across the country, but the NFIP is much more than just an insurance program. The NFIP plays an important role in disaster preparedness and resiliency by providing flood maps, setting standards for flood plain management, and investing in mitigation for our homes, businesses, and infrastructure. According to the Federal Emergency Management Agency (FEMA), everyone is at risk of flooding. That means that this is not just a coastal issue, and it means that we all have an interest in ensuring a strong National Flood Insurance Program. I have long advocated for a long-term reauthorization of the NFIP in order to provide certainty in the housing market. Unfortunately, the NFIP has carried along through 10 short-term extensions since Fiscal Year 2017 and has even experienced brief lapses during that time. This haphazard approach to legislating puts communities at risk and undermines the health of our housing market. The NFIP's authorization is currently set to expire May 31, 2019, and I believe that we will break this cycle. I intend to work in a bipartisan manner with Ranking Member McHenry to provide a long-term reauthorization to restore stability and confidence in the market." Statements, letters, and materials submitted for the record include those of the following: Garret Graves, Frank Pallone, Bill Pascrell, Steve Scalise, Mabel Guzman, Christopher Heidrick, Maria Cox Lamm, Raymond Lehmann, Collin O'Mara, and Velma Smith.

Report Number:
Serial No. 116-8
Publisher:
Date:
2019
Copyright:
Public Domain
Retrieved From:
U. S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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