Palazzo Statement on House Flood Reform Vote
Washington, February 12, 2014
Tags: Flood Insurance Reform
WASHINGTON, D.C. – Congressman Steven Palazzo, (MS-4), today applauded an announcement from Majority Leader Eric Cantor stating that the House will hold a vote on broader flood insurance reform measures following the President’s Day recess.
“Steven Palazzo has been a tireless advocate for his constituents and instrumental in working toward a solution for the National Flood Insurance Program,” said House Majority Leader Eric Cantor. “His leadership on this issue has been critical.”
Palazzo has led the coalition that is actively working to bring broader flood insurance reforms to the House floor for a vote as soon as possible. Over the past year, Palazzo has pushed for measures that would delay current rates and phase-in rates at a much slower pace, resulting in more compassionate flood insurance premiums for grandfathered and subsidized properties as well as home sales. These initiatives were first proposed in legislation Palazzo introduced in March 2013. He has also supported measures to hold FEMA accountable for faulty mapping practices, fast-track FEMA affordability studies, and protect homeowners who appeal faulty FEMA maps.
“From day one, my goal has been to ensure flood insurance remains affordable and available for those who need it in Mississippi and across the country,” Palazzo stated. “Our efforts have grown into a sweeping bipartisan, bicameral movement. We’re not talking about wealthy, waterfront homeowners; these are real problems that everyday Americans are facing. We must deliver relief as well as long-term reforms to give homeowners and communities the certainty and clear guidance they deserve. That will be my goal as I continue working with leadership on a House flood reform bill.”
Palazzo also serves as Vice Chairman of the Home Protection Caucus and was instrumental in passing a House one-year delay that was recently signed into law as part of the omnibus budget bill. Last week, FEMA admitted that provision would impact its ability to enforce rate hikes on grandfathered properties under Section 207 of the law, pushing the agency back as much as 15-18 additional months.