Hill: ‘We Should Not Incentivize Americans to Live in Harm’s Way’
Washington,
July 25, 2018
WASHINGTON, D.C. – Congressman French Hill (AR-02) issued the following statement after voting for legislation to extend the current flood insurance program without critical reforms: “The current flood insurance program is unsustainable and broken. Worse, it incentivizes Americans to live and rebuild in harm’s way in dangerous, high-risk flood areas. I have long called for and supported significant structural reforms to the flood insurance program to provide consumers with more choice and information about flood risks while at the same time protecting taxpayer dollars by ending the program’s status quo of a $1.5 billion deficit. “Today’s vote represents the seventh time since last September that the House has passed another short-term authorization bill because the U.S. Senate has refused to take up the call for reform. Between now and November 30th, the Senate should take up the bi-partisan legislation passed by the House last year that encourages mitigation, curtailing repetitive losses, and the use of reinsurance to increase the program’s fairness, affordability, competitiveness, and stability.” Background: Read about House Amendment to S. 1182 – the National Flood Insurance Program Extension Act - here. |
