From PropertyCasualty360:

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.”

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