Flood Insurance

Waters Outlines Agenda in First Policy Speech as Committee Chairwoman

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following remarks during her first policy speech in the 116th Congress: As Prepared for Delivery Thank you for the very warm welcome, and to the Center for American Progress for holding this event. CAP’s research and policy work are highly respected and a valued resource for Members of... Read more »

Waters Statement on FEMA’s Decision Not to Issue or Renew Flood Insurance Policies During Government Shutdown

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement in response to the Federal Emergency Management Agency’s (FEMA) decision not to issue or renew flood insurance policies during the government shutdown: “Last week, I worked with Democrats and Republicans to pass bipartisan legislation, which was signed into law, to... Read more »

Waters Statement on Short-Term Extension of National Flood Insurance Program

| Posted in Press Releases

On Thursday, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following floor statement in support of a short-term National Flood Insurance Program (NFIP) extension and continued her call for a long-term reauthorization to provide homeowners, businesses, renters, and communities with the certainty they deserve. It is disappointing that we fi... Read more »

Waters: Trump Would Rather Put Children in Cages Than Prepare Nation For Natural Disasters

| Posted in Press Releases

Today, in response to the release of documents showing the transfer of $9.8 million in Federal Emergency Management Agency (FEMA) emergency preparedness funding to Immigration and Customs Enforcement (ICE) for its detention centers, Congresswoman Maxine Waters (D-CA), made the following statement: “The Trump Administration’s transfer of $9.8 million in FEMA emergency preparedness funding to ICE fo... Read more »

Waters Statement at Bipartisan Conference Committee Meeting on Farm Bill

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, participated in a 2018 Farm Bill Conference Committee meeting to discuss H.R. 2, the 2018 Farm Bill. During the discussion, Ranking Member Waters gave the following statement, urging her colleagues to protect Section 12609, which would extend the National Flood Insurance Program (NFIP) through J... Read more »

Waters Continues Push for Flood Insurance Reauthorization

| Posted in Press Releases

Today, the U.S. House of Representatives passed S. 1182, the National Flood Insurance Program (NFIP) Extension Act, by a vote of 366-52. The NFIP provides flood insurance coverage to over 5 million Americans and S. 1182 would reauthorize the program through November 30. Last week, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, led a letter to House... Read more »

Waters and 61 Members Demand Long-Term Reauthorization of National Flood Insurance Program

| Posted in Press Releases

In a letter to House and Senate leadership, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 61 Members of Congress called for a commitment to ensuring that homeowners, businesses and renters are able to protect their property in the face of flooding. “Following an historic 2017 hurricane season, which for the first time on record resulted in thr... Read more »

Waters Statement on the 2018 Hurricane Season and the National Flood Insurance Program

| Posted in Press Releases

As this month marks the beginning of the 2018 hurricane season, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement regarding her longstanding call to reauthorize the National Flood Insurance Program (NFIP), a program created by Congress to provide flood insurance for millions of families: “In 2017, for the first time on r... Read more »

Waters Statement in Response to FEMA’s Affordability Framework for the National Flood Insurance Program

| Posted in Press Releases

In response to the Federal Emergency Management Agency’s (FEMA) report entitled, “An Affordability Framework for the National Flood Insurance Program,” Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, made the following statement: “I am pleased that FEMA has finally delivered the affordability framework that I and other Members enacted in the Homeowner ... Read more »

Waters, Crist and Esty Lead FY19 Appropriations Requests to Protect Communities at Risk of Flooding

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, led two letters to House appropriators in support of her ongoing effort to fight for victims of natural flood disasters. She was joined by Congressman Charlie Crist (D-FL) in co-leading a letter that calls for the forgiveness of the National Flood Insurance Program’s (NFIP) debt. She also co-led a letter ... Read more »

Waters: Trump Budget Would Harm Consumers, Open the Door to Another Financial Crisis

| Posted in Press Releases

Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2019, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Trump’s budget proposal would harm American consumers, hurt our nation’s communities and wipe out financial reforms that are in place to prevent another finan... Read more »

Waters Floor Statement in Opposition to the 21st Century Flood Reform Act

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following floor statement in opposition to the H.R. 2874, the 21st Century Flood Reform Act: As Prepared for Delivery I rise today in opposition to H.R. 2874, legislation that will make flood insurance more expensive, less available, and less fair for consumers. At the outset, let me just say... Read more »

Waters Floor Statement on Supplemental Disaster Relief Funding Bill

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement from the House floor in support of the supplemental disaster relief funding bill. As Prepared for Delivery Mr. Speaker, I rise today in support of this critical disaster relief funding. In the wake of the destruction that this historic hurricane season has wrought on Texas... Read more »

Waters Floor Statement on Republicans’ Misplaced Priorities for Flood Insurance Reform

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement regarding H.R. 3823 on the House floor: As Prepared for Delivery Thank you, Mr. Speaker. I rise today in opposition to this bill, which began as a must-pass reauthorization of the Federal Aviation Administration, but has now become a Christmas tree for unrelated Republican... Read more »

Waters Statement on the 2017 Hurricane Season and the Future of the National Flood Insurance Program

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued a statement regarding the devastation caused by hurricanes this season, and the news that Congress will need to raise the National Flood Insurance Program’s (NFIP) borrowing authority to pay all of its claims from Hurricanes Harvey and Irma. “As the 2017 hurricane season continues, we must put... Read more »

Associated Press: Trump’s 2018 budget raises questions about a “better than ever” Harvey recovery

| Posted in In Case You Missed It

President Donald Trump's hiring and budget plans are raising questions about whether he can deliver the "better-than-ever" recovery he's promised after Hurricane Harvey devastated a swath of the U.S. Gulf Coast. Trump has proposed vast budget cuts and leaving some leadership positions unfilled at agencies involved in disaster management. His Republican allies on Capitol Hill proposed spending some... Read more »

Waters Statement on Hurricane Harvey

| Posted in Press Releases

Today, in reaction to the continuing harm and destruction caused by Hurricane Harvey, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “The devastation from Hurricane Harvey is overwhelming and my heart goes out to those affected by this terrible storm. Harvey continues to dump unprecedented amounts of rain on Texas. Make no m... Read more »

Waters Statement on Revised Republican Flood Insurance Bill

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement in response to Committee Republicans’ revised flood insurance legislation: “Though Chairman Hensarling and Committee Republicans have been scrambling to make changes to their flood insurance bill, the affordability challenges facing millions of policyholders remain. The im... Read more »

Waters Statement in Support of Velázquez Flood Bill to Improve NFIP

| Posted in Press Releases

Today, at the continuation of the House Financial Services Committee markup of seven flood insurance bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement in support of Congresswoman Nydia Velázquez’s (D-NY) bill, H.R. 2875, the “National Flood Insurance Program (NFIP) Administrative Reform Act of 2017:” Thank you, Mr. Chairm... Read more »

At Markup of Flood Bills, Dems Offer Amendments to Keep Flood Insurance Affordable and Accessible

| Posted in Press Releases

On the first day of the of the House Financial Services Committee markup of seven flood insurance bills, Committee Democrats fought for the availability and affordability of the National Flood Insurance Program (NFIP). “Democrats will offer amendments to provide the reauthorization language needed to keep the NFIP’s doors open and keep the real estate market from spiraling out of control,” said Co... Read more »

Waters Opening Statement at Committee Markup of Seven Flood Insurance Bills

| Posted in Press Releases

Today, at a Committee markup of seven flood insurance bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: Thank you, Mr. Chairman. Eight days ago, we gathered in this hearing room to discuss six legislative proposals to reform the National Flood Insurance Program. At that hearing, I once again called for bipartisan... Read more »

Waters Calls for Bipartisan Reauthorization of the National Flood Insurance Program

| Posted in Press Releases

Today, at a full Committee hearing to examine draft legislation to reauthorize the National Flood Insurance Program (NFIP), Congresswoman Maxine Waters (D-CA)¸ Ranking Member of the Committee on Financial Services, urged Committee Members to work on a bipartisan long-term reauthorization package: As Prepared for Delivery Thank you, Mr. Chairman and welcome to all of our witnesses, who are here to ... Read more »

Waters: Trump Budget is Extremely Harmful

| Posted in Press Releases

Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2018, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Donald Trump has once again revealed who he really is, with a cruel and senseless budget that abandons Main Street and the vulnerable. “The Trump budget mirro... Read more »

Waters Leads Fight to Defend the Flood Insurance Program, Policyholders

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, delivered three letters to House appropriators in support of her ongoing effort to fight for those who have fallen victim to natural flood disasters. The letters call for a rejection of any fees on the National Flood Insurance Program’s (NFIP) policyholders in order to pay for President Trump’s U.S.-Mexic... Read more »

Waters Opening Statement at Markup of Capital Markets Bills

| Posted in Press Releases

Today, at a full Committee markup of six legislative proposals relating to our nation’s capital markets, Representative Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. Today, we will consider a set of legislative proposals designed to improve our nation’s capital markets, which cont... Read more »



Subscribe for Updates

Twitter Feed