House introduces NFIP rate-hike delay that is gaining bipartisan support
It would also repeal would repeal entirely the section of the flood insurance reform law that calls on the Federal Emergency Management Agency to update its maps, according to R.J. Lehmann, a senior fellow at the R Street Institute…
…Lehmann voiced disappointment. He says the bill represents a “fundamental betrayal of the free-market principles and fiscal responsibility the House leadership claims to embrace.
“Less than two years after passing landmark reforms to fix the NFIP, which remains $25 billion in debt to American taxpayers, lawmakers appear poised to gut just about all of those reforms, all to score cheap political points.”
