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Monday, January 6, 2014

ABIA, ABA Support Homeowner Flood Insurance Affordability Act of 2013

ABIA and ABA sent a joint letter this afternoon to Members of the Senate to express our support for the Homeowner Flood Insurance Affordability Act of 2013, introduced by Sen. Robert Menendez (D-NJ) and 26 bipartisan cosponsors.

"The delay of rate increases included in this legislation will give FEMA the time and resources necessary to complete that study, and will give Congress time to act upon any recommendations resulting from it. Additionally, the legislation lays out a clear procedural map for Congress to follow in addressing affordability issues."

Read the letter.