U.S. Congress Reforms National Flood Insurance Program

On July 12 the U.S. House of Representatives passed H.R. 1309, the Flood Insurance Reform Act of 2011, which will remove incentives supporting building in floodprone and environmentally sensitive areas. The act also would apply market-based rates to flood insurance and support natural flood protection, such as wetlands and floodplains. This legislation has been sent to the Senate.

Tags:

No comments yet.

Leave a Reply