On June 15, 2017, the House Financial Services Committee began consideration of a series of bills to reform and reauthorize the National Flood Insurance Program (NFIP). The Committee is expected to vote on these bills and then combine them into one package for consideration by the full House.
On the first day of the mark up, the Committee approved two of the seven bills:
- The NFIP Policyholder Protection Act, which caps NFIP rates and passed unanimously (53-0); and
- The 21st Century Reform Act, which includes a 5-year... Read More