Rep. Meeks Issues Statement on House’s 21st Century Flood Reform Act
"Today, I opposed H.R. 2874, because it would make flood insurance less affordable for New Yorkers, especially residents in
"If the House plan were to become law, 83 percent of one-to-four person families in
"Despite my opposition, I believe my Republican counterparts have been receptive to many of the concerns raised by my Democratic colleagues and me. As a member of the
"My amendment struck a Republican proposal that would have disallowed new construction in Special Flood Hazard Areas. In
"My amendment also struck a Republican proposal that would have eliminated grandfathering. Twenty-five percent of New Yorkers in the floodplain struggle to afford flood insurance. That number will increase to 33 percent once maps are updated. Removing grandfathering would have intensified this problem, making flood insurance even less affordable for all Americans. After much back and forth, this provision is no longer in the House proposal, either.
"Furthermore, the House proposal includes administrative reforms sponsored by myself and fellow New Yorkers
"Since the House plan includes a number of my recommendations and proposals, I am hopeful that we can work out more details with
This document was posted showing the date:
UK’s Obsession With Housing Wealth Could Be Making Country Poorer
Rep. McMorris Rodgers Issues Statement on ABLE Financial Planning Act
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News