Waters, Cleaver, Richmond Call for Field Hearing on the National Flood Insurance Program
House Financial Services Committee Democrats
Waters, Cleaver,
In the letter to Committee Chairman
The lawmakers wrote: "The devastation in
The letter was delivered to Chairman Hensarling today. Full text of the letter is below. A signed copy can be viewed here.
The Honorable
Chairman
Financial Services Committee
We write to request that the Financial Services Committee hold a field hearing in
Further, as we prepare to consider the reauthorization of the NFIP, we should be taking every opportunity to learn from this disaster in order to inform our efforts to implement positive reforms. As you may know, the extent of the devastation in the areas affected came as a surprise to most of the residents whose homes were damaged because they were outside the special flood hazard area (SFHA) and were not required to purchase flood insurance. In the aftermath of the recent disaster, these homeowners are now left with little to no means to rebuild their homes and their lives, and policymakers are left questioning the adequacy of the maps used by the NFIP to determine SFHAs as well as the adequacy of the education and notice provided to borrowers outside of SFHAs about their true risk exposure. Disasters such as this expose the serious limits of the federal government's disaster preparedness strategy and should compel this Committee to investigate the issues and meaningfully consider solutions. That is why it is so important that this Committee hold a field hearing to hear from local officials and residents, and get a firsthand look at the risks we are seeking to mitigate with the NFIP.
Thank you for your consideration of this important request.
Sincerely,
Ranking Member
Ranking Member,
Member of
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