Chairman Shuster Calls on Congress to Pass the Disaster Recovery Reform Act (DRRA) in Investor's Business Daily - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 25, 2018 Newswires
Share
Share
Post
Email

Chairman Shuster Calls on Congress to Pass the Disaster Recovery Reform Act (DRRA) in Investor’s Business Daily

Congressional Documents & Publications

Chairman Shuster Calls on Congress to Pass the Disaster Recovery Reform Act (DRRA) in Investor's Business Daily

September 25, 2018

Contact: Justin Harclerode or Jeff Urbanchuk (202) 225-9446

Washington, D.C. - Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) wrote the following op-ed for the Investor's Business Daily, urging Congress to pass the Disaster Recovery Reform Act (DRRA) this week. DRRA's focus on pre-disaster mitigation will save lives and money through smarter investment of disaster program resources.

DRRA is included as part of H.R. 302, along with the FAA Reauthorization Act. More information about H.R. 302 and DRRA is available at: https://transportation.house.gov/components/redirect/r.aspx'ID=476429-69594181.

After Florence: Here's How Congress Can Better Prepare Us For The Next Disaster

By Rep. Bill Shuster

9/24/2018

Hurricane Florence may have unleashed its fury on the Carolinas and the East Coast, but with rains continuing and floodwaters still rising, the danger is far from over. For now, we can only guess at the amount of devastation caused by this historic hurricane.

Other sections of the country also continue to recover from recent disasters, such as hurricanes Harvey, Irma and Maria; wildfires that have scorched much of the western U.S. in the past year; and more flooding throughout the Northeast and Midwest.

Disasters, both natural and man-made, will always pose a threat, and every community in America will face a disaster at some point. A sobering fact is that the costs of disaster, measured in lives lost and property destroyed, have been steadily increasing in the United States over the past 50 years.

We should seize any opportunity to lessen these impacts and costs, help our recovering communities, and reduce the burdens facing our first responders and local, state and federal emergency officials.

Reform Is Possible

One such opportunity is before Congress now.

The Disaster Recovery Reform Act (DRRA) is a bipartisan bill that has overwhelmingly passed the House twice since December, but it hasn't yet made it through the Senate. My Republican and Democratic colleagues and I -- including the bill's chief sponsor, Rep. Lou Barletta -- are working to finally see this measure signed into law. Legislation to be voted on by the House this week (H.R. 302) includes DRRA again, and the Senate will hopefully take up the bill soon afterward.

The reasons Congress need to send DRRA to the president' desk as soon as possible are simple.

Right now, federal disaster programs are too reactive. We wait for disaster to strike and then try to clean up afterward, often rebuilding our homes, communities and infrastructure exactly the way they were before. Even when the way things were before may have been insufficient, inefficient or ineffective.

DRRA would mark a significant shift in how we prepare for, respond to, recover from and mitigate against disasters by focusing more on pre-disaster mitigation -- actions taken proactively before disaster strikes to lessen future impacts and losses. This legislation will get the most value out of our precious resources by incentivizing building better and smarter to protect Americans, as well as facilitating speedy recovery efforts whenever and wherever disasters occur.

Effective mitigation minimizes the potential loss of life and property from a disaster -- based on identifying and understanding the risks in a given area or community. Mitigation can encompass a wide variety of activities that reduce the risk of future damage or loss, including preparation and planning, flood-proofing critical facilities like hospitals, elevating or moving structures prone to flooding, and hardening structures against hurricanes or earthquakes.

Mitigation vs. Recovery

To put this in perspective, imagine that you are living in the path of the next hurricane. Ask yourself, "Am I better off preparing for the gale force winds, flooding, and power outages before the hurricane gets here, or waiting until after it's demolished my house?" We should ask ourselves the same question on a grand scale.

Not only does mitigation save lives, it is a more cost-effective, wiser use of taxpayer dollars. Studies demonstrate that for every $1 spent on mitigation, between $4 and $8 is saved in avoided disaster-recovery costs.

It costs less to prevent and minimize damage and to strengthen our communities than it does to simply spend resources on recovery afterward: a common-sense approach but not one that our federal programs currently emphasize. Facilitating and incentivizing mitigation is the most effective means of bending the cost curve for disasters.

Furthermore, DRRA helps address some key challenges affecting disaster recovery and puts more tools in the toolbox to help communities' ongoing efforts to return to normal. For instance, the bill will clarify federal programs to help expedite assistance, resolve issues quickly and rebuild more efficiently; provide more flexibility in meeting disaster survivors' housing needs; simplify federal requirements for individuals and state and local governments; help communities meet the needs of pets in disasters; and make the disaster assistance process more transparent.

We cannot let this opportunity to save lives and reduce federal, state and local disaster costs get lost amid the always hectic agenda when the end of a Congress is near. The best way to protect Americans and our communities from disaster is to prepare in advance, and by passing the Disaster Recovery Reform Act. Rep. Shuster, R-Penn., is the chairman of the House Committee on Transportation and Infrastructure.

Older

ORPEA: Strong Growth in 2018 Half-Year Results

Newer

After the hurricane comes the deluge on South Carolina coast

Advisor News

  • Advisors must lead the policy risk conversation
  • Gen X more anxious than baby boomers about retirement
  • Taxing trend: How the OBBBA is breaking the standard deduction reliance
  • 6 in 10 Americans struggle with financial decisions
  • New Trump administration rule seeks to bail out private equity, credit with workers’ 401(k) savings
More Advisor News

Annuity News

  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
More Annuity News

Health/Employee Benefits News

  • NBC NEWS: 'HOSPITAL COSTS ARE RISING FAR FASTER THAN INFLATION AND DROWNING AMERICANS IN DEBT'
  • Following the fiduciary standard when discussing Medicare
  • Judge gives UnitedHealth until April 29 to hand over AI claim denial docs
  • OPINION: Patients are often left ‘out of network’ as hospitals, insurers clash over cost
  • Caregiver crisis impacting LTC services
More Health/Employee Benefits News

Life Insurance News

  • Nationwide enters centennial year stronger than ever
  • AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries
  • AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited
  • AM Best Upgrades Issuer Credit Ratings of Federated Mutual Group’s Members; Affirms Credit Ratings of Affiliates
  • AM Best Affirms Credit Ratings of MetLife, Inc. and Its Life/Health Subsidiaries
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet