Waters Calls for Immediate Passage of Legislation to Delay Flood Insurance Rate Hikes

Video Description

“I am extremely disappointed that nearly every House Republican voted to block consideration of bipartisan legislation that would delay increases in flood insurance premiums. However, I am more concerned for the hundreds of thousands of middle class families who are struggling to figure out how they will afford flood insurance costs that have increased by, in some cases, tens of thousands of dollars. Thanks to today’s obstruction, their pain will be prolonged. Our bill is a bipartisan, common sense way to address the unintended consequences that have arisen as a result of FEMA’s botched implementation of changes to the National Flood Insurance Program. I urge Republican leadership to take up this bipartisan solution, which was recently passed by the U.S. Senate, without delay. Each day we do not act is one day longer middle class families continue to suffer from increased premiums, depressed home prices, or the inability to buy or sell their home.”