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posted on March 28, 2007
Bipartisan Flood Insurance Reform Legislation Introduced on House Floor; NAMIC Comments
Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., on Monday introduced H.R. 1682, the Flood Insurance Reform and Modernization Act of 2007. The legislation will reform the National Flood Insurance Program and ensure its continued viability by increasing accountability, eliminating unnecessary Federal subsidies, and updating the flood insurance program to meet the needs of the 21st century. The bipartisan bill is also sponsored by Reps. Earl Blumenaue, D-ore., Gary Miller, R-Calif., Gene Taylor, D-Miss., Richard Baker, R-La., Doris Matsui, D-Calif., JoAnn Davis, R-Va., Maxine Waters, D-Calif., and Ginny Brown-Waite, R-Fla.
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