The Honorable John Boehner
U.S. House of Representatives
H-232 The Capitol
Washington, DC 20515
January 23, 2014

Dear Speaker Boehner,

In light of your comments last week about the need to modify the Biggert-Waters flood insurance reforms instead of simply delaying them, we are writing to recommend a number of changes for you to consider making to the law.

The National Flood Insurance Program’s $24 billion debt threatens its long-term fiscal viability as a result of policyholder premiums that have long been heavily subsidized below market rate. In 2012, Congress finally began to resolve this critical issue by passing the Biggert-Waters Flood Insurance Reform Act, which made commonsense changes to bring NFIP’s finances in order and correct the program’s long-standing inequities.

These reforms, however, can be amended further to address growing and legitimate concerns about affordability. Our coalition, – a diverse group of environmental advocates, taxpayer watchdogs, insurers, and housing organizations – has previously outlined a series of changes to make Biggert-Waters more environmentally and fiscally sustainable. The proposals are outlined below:

These changes will do more than simply assuage the opposition that has arisen over the past few months – they will target subsidies in the National Flood Insurance Program to those who truly need it while putting the program on stronger financial footing.

We hope that you will continue to build on the progress made through Biggert-Waters and help ensure the National Flood Insurance Program is restored to solvency once again.

Thank you for your consideration.


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