Environment & Energy Report

Flood Insurance Backers Unveil New Bid to Revamp, Extend Program

July 16, 2019, 7:19 PM

A bipartisan band of lawmakers July 16 unveiled a new bid to rescue an about-to-expire federal flood insurance program with a bill that would put a 9 percent cap on annual premiums paid by homeowners.

The five-year extension would reauthorize the National Flood Insurance Program, vital to landowners in flood-prone areas.

The bill is backed by Sen. Robert Menendez (D-N.J.) and two Louisiana Republicans—Sens. Bill Cassidy and John Kennedy—as well as more than a dozen House members, including Rep. Clay Higgins (R-La.) and House Energy and Commerce Committee Chairman...

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