In the News Flood insurance jumping sevenfold depresses U.S. home values
Research groups that advocate market-based policies, such as Heritage Action for America and the R Street Institute, have urged members of Congress to leave the measure in place.
The law is an an “appropriate” way to restore financial viability to the program, and it makes sense to ask those with the greatest risk to pay more, said R.J. Lehmann, senior fellow for the Washington-based R Street Institute, in a statement. Lehmann helped write the law sponsored by Representatives Maxine Waters, a California Democrat, and Judy Biggert, an Illinois Republican, who lost the November election.
