Cassidy, Gillibrand, Capito Introduce National Flood Insurance Program Reauthorization Bill
Today, US Senators Bill Cassidy, MD (R-LA), Kristen Gillibrand (D-NY) and Shelley Moore Capito (R-WV) introduced legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years.
The NFIP is currently set to expire on September 30, 2017.
"This is a product of listening to those affected, finding from stakeholders those policies that would address affordability and sustainability within the NFIP," said Dr. Cassidy. "The goal of this bipartisan bill is to bring peace of mind for Louisiana families, and for all American families, seeking to buy flood insurance."
This week, the House passed the Financial CHOICE Act, which is another important part of our agenda to create jobs and get our economy back on track by getting radical Washington regulations out of your way. The CHOICE Act provides relief for hardworking families and small businesses by gutting the Dodd-Frank law that has been crushing our local community banks. Under Dodd-Frank, Wall Street banks have gotten bigger while our Main Street businesses and community banks suffocate under the mountain of red-tape and confusing, costly regulations. Dodd-Frank has made it harder and more costly for hard-working families to buy their first home, while also making it harder for small businesses to get loans to create more jobs.
Per the Constitution, the Legislature adjourned sine die at 6 pm last Thursday, June 8th. However, the House and Senate deadlocked on budget negotiations, failing to pass both the capital and operating budgets prior to adjournment. This triggered a special session, which the Governor had provisionally called in the event of such an outcome.