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Update on Biggert-Waters/FEMA Flood Insurance Legislation

Posted Date: 
January 7, 2014
Deborah Cox, Legislative Director, National Association of Counties

This week, the Senate is expected to vote on the Homeowner Flood Insurance Affordability Act, S. 1846 (introduced by Sen. Menendez (D-NJ) and Sen. Isakson (R-GA).  This legislation delays for four years certain premium increases put forth in the Biggert-Waters Act until FEMA can complete its affordability study and Congress can consider the recommendations of the study—basically directing that Congress and FEMA should understand the ramifications of the Biggert-Waters Act before implementing it.  If this legislation is not implemented, homeowners and business owners across America will see dramatic, unaffordable flood insurance premium increases.  There are currently 27 cosponsors.

Again, the bill may be considered on the floor as early as this week or next week.

A group from NACo—including President Linda Langston, Second Vice President Sallie Clark, Executive Director Matt Chase, and Legislative Director Deborah Cox—will be participating in a press conference on the measure that will be held TOMORROW (1/7) in the Capitol.  A large number of the Senate cosponsors will be there to speak.  Earlier today, NACo sent a letter of support for the measure.  The letter as well as the bill text can be accessed in the links above.

Deborah Cox | | (202) 942-4286