In Case You Missed It
ICYMI: Rep. Waters Op-Ed on Forgiving the NFIP Debt
Washington, DC, October 13, 2016
Tags: Flood Insurance
In a guest column in the Baton Rouge Advocate this week, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, discussed the need for Congress to erase the National Flood Insurance Program’s $23 billion debt so that homeowners and businesses can rely on an affordable and sustainable program to protect them financial in the face of disaster:
“I am calling on Congress to forgive the NFIP’s debt so that as we work to reauthorize the program in 2017, we can start with a clean slate. Democrats and Republicans may disagree on many things, but I believe this is one area that we should all be able to agree on. The program’s current level of debt is entirely unsustainable, and if Congress does not address it, the future of the program is at risk, as are the policyholders that rely on the NFIP and the American taxpayers that fund disaster relief.
The full column can be found on The Advocate’s website.