In the News U.S. House leaders stiff 231 sponsors for flood fix, propose modified plan later
Conservative groups say premium increases are needed to help the National Flood Insurance Program get out of $24 billion in debt and discourage building or rebuilding in flood-prone zones.
“Without legislative text in-hand, it’s impossible to know precisely what modifications the House might consider, but we do find it encouraging that Leader Cantor recognizes the Senate bill ‘irresponsibly removes much needed reforms and imposes additional costs on taxpayers,’” said R.J. Lehmann, senior fellow at the Washington, D.C.-based R Street Institute.
