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Association of State Flood Plain Managers Association of State Flood Plain Managers
Association of State Flood Plain Managers

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<< Back to News List            Congress may act today on delay legislation for BW-12 >>

BREAKING NEWS: Senate voted to delay parts of BW-12 Reforms
Thursday, January 30, 2014

Today, the U.S. Senate passed S. 1926, legislation to delay implementation of certain provisions of the Biggert-Waters 2012 legislation phasing out discounts on flood insurance premiums, said Sam Medlock, ASFPM’s policy and partnerships manager.

The Senate proposal, which would reinstate flood insurance discounts for most affected properties, faces an uncertain future in the House of Representatives and has been criticized by the White House as eroding reforms achieved by Biggert-Waters to place the NFIP on more sound financial footing and reducing FEMA's ability to pay future claims made by all policyholders.

ASFPM continues to work with congressional committees, members, and staff to foster agreement on a more moderate approach to preserve important financial reforms while addressing significant concerns regarding the affordability of flood insurance, particularly for lower-income property owners.

Additionally, ASFPM is exploring opportunities to address needed mitigation and insurance affordability that are available under current authorities in existing federal programs. For more information on ASFPM’s views and opportunities to address affordability, please see our paper “ASFPM Recommendations to address the impact of NFIP Reform 2012 (BW-12).”

Following are stories from news agencies covering this breaking event:

From the Washington Post

http://www.washingtonpost.com/blogs/post-politics/wp/2014/01/30/senate-approves-delay-in-higher-flood-insurance-premiums/

From the New York Times

http://www.nytimes.com/2014/01/31/us/politics/senate-passes-bill-to-delay-spike-in-flood-insurance-rates.html?_r=0

From the NOLA.com/Times-Picayune

http://www.nola.com/politics/index.ssf/2014/01/senate_votes_67-32_to_approve.html





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