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House Committee to Meet This Week on Flood Bill

The House Financial Services Committee will meet on March 2 to consider H.R. 2901, the Flood Insurance Market Parity and Modernization Act, sponsored by Reps. Dennis Ross (R-FL) and Patrick Murphy (D-FL)...
March 1, 2016

The House Financial Services Committee will meet on March 2 to consider H.R. 2901, the Flood Insurance Market Parity and Modernization Act, sponsored by Reps. Dennis Ross (R-FL) and Patrick Murphy (D-FL). The legislation, which PIA supports, seeks to encourage the development of a private flood insurance market with strong consumer protections being overseen by state insurance regulators.

While PIA opposes outright, immediate privatization of the NFIP without a viable structure, PIA supports sensible solutions for growing the private flood insurance market.  PIA has been actively working with staff to advance this legislation and will continue to do so on both the House and Senate side, where a companion bill, S. 1679, introduced by Senator Dean Heller (R-NV) awaits action.

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