Rep. Steve Scalise of Louisiana is among those uneasy with the House Financial Services Committee’s plans.

As the deadline for reauthorization of the National Flood Insurance Program (NFIP) draws near–it’s set to expire on September 30–many coastal lawmakers from both sides of the aisle are working on a compromise to keep the program alive.

In the article linked below, Politico gives a good overview of what Congress is facing in order to protect homeowners and keep the NFIP going.  Flooding from Hurricane Harvey in Texas over the weekend has been a somber reminder that flooding events are becoming more widespread and more devastating.

Sen. John Kennedy (R-La.) is a co-sponsor of the SAFE-NFIP legislation in the Senate, which FIRM feels does a good job of protecting policyholders and the program.  Sens. Nelson and Rubio of Florida are also co-sponsors as is Congressman Carlos Curbelo on the House companion bill.  At the end of the article Kennedy concludes, “It’s not just Louisiana, if you get 20 inches of rain in three days, you’re going to flood.  I don’t care if you’re on Pikes Peak. You’re going to flood, and that can happen in any state, in any community, at any time, and I think most of the senators are starting to understand that.”

politico.com-Flood insurance splits GOP spurs bipartisan dealmaking as deadline looms

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