MacArthur Calls for NFIP Reauthorization
Washington, DC – Congressman Tom MacArthur, who represents an area devastated by Superstorm Sandy, is calling for the reauthorization of the National Flood Insurance Program, which is set to expire July 31st. The House of Representatives passed a five-year reauthorization on Nov 14, 2017, which included numerous provisions authored by MacArthur to limit premium increases, increase mitigation coverage and require more accountability at FEMA. Unfortunately the Senate has failed to act. MacArthur is now calling on Congressional Leadership to pass a stop-gap measure so there is no interruption of coverage.
“Our community knows the vital importance of the National Flood Insurance Program,” said Congressman MaArthur. “Without flood insurance, mortgages are unavailable, homes cannot be bought or sold and people are left exposed to nature’s ravages. This can has been kicked down the road long enough. Last night and again today, I met with the Speaker of the House, Majority Leader, Whip and Chairman of Financial Services and explained the critical need for this program to be reauthorized. This must happen for the sake of 140 million Americans who live in coastal counties, like Ocean County. I am calling on my colleagues on both sides of the aisle – and from both chambers of Congress – to come together and get this done.”