You are here:HomeIssuesFlood Insurance2002PIA Applauds Decision by Reps. Oxley, Frank to Introduce Bill to Reauthorize National Flood Insurance Program

PIA Applauds Decision by Reps. Oxley, Frank to Introduce Bill to Reauthorize National Flood Insurance Program

WASHINGTON, December 12, 2002 - The National Association of Professional Insurance Agents (PIA National) applauded today's announcement by the leaders of the House Financial Services...
December 12, 2002

WASHINGTON, December 12, 2002 - The National Association of Professional Insurance Agents (PIA National) applauded today's announcement by the leaders of the House Financial Services Committee that they will introduce legislation early next year to reauthorize the National Flood Insurance Program (NFIP).

Committee Chairman Michael G. Oxley (R-OH) and incoming Ranking Member Barney Frank (D-NY) are working in a bipartisan effort with colleagues in the House and Senate, as well as with the Administration, to quickly reauthorize the program when Congress reconvenes in January. NFIP authorization expires after December 31, 2002.

Today's announcement was made in a press release issued by the House Financial Services Committee. PIA National held a meeting earlier this morning with key legislative staffers in Rep. Oxley's office and will meet tomorrow with legislative staff for Speaker of the House J. Dennis Hastert (R-IL).

"PIA appreciates the recognition by Chairman Oxley and Rep. Frank that renewal of the federal flood insurance program needs to be at the top of the congressional agenda in January," said PIA Senior Vice President of Government Affairs Patricia A. Borowski. "PIA and our coalition partners are committed to building the momentum needed to ensure quick completion of NFIP reauthorization when Congress reconvenes in early January."

PIA is continuing to work with a coalition of lender, insurance, banking, housing and realtor interests to encourage quick action on the reauthorization of the National Flood Insurance Program (NFIP). Coalition participants include the National Association of Realtors, the American Bankers Association, America's Community Bankers, the American Insurance Association, Fannie Mae, Freddie Mac, the Mortgage Bankers Association of America, the National Association of Home Builders and the Financial Services Roundtable.

Founded in 1931, PIA is a national trade association that represents member insurance agents and their employees who sell and service all kinds of insurance, but specialize in coverage of automobiles, homes and businesses.