Hoeven, Vitter, Cochran to FEMA: Quit Stalling on Flood Insurance Policy Protection

Senators request meeting with FEMA Administrator Fugate to expedite implementation of the new law and policy holder rates

WASHINGTON – U.S. Senators John Hoeven (R-N.D.), David Vitter (R-La.) and Thad Cochran (R-Miss.) Thursday sent a letter to Federal Emergency Management Agency (FEMA) Administrator Craig Fugate requesting a meeting to discuss a plan to implement the recently passed flood insurance reform law and reinstating rates as Congress intended. The Senators want Fugate to explain why property owners continue to be charged higher flood insurance rates, despite a bipartisan law passed in March to protect them from such unaffordable premium costs.

“The reason we worked so hard to pass our legislation was that people were enduring the hardship of higher premiums,” Hoeven said. “FEMA should be implementing the new law now for the very same reason – people are enduring the hardship of higher premiums, but they shouldn’t be because we’ve already passed a law to reduce their high rates.”

“Are you kidding us?” Vitter said. “It’s been nearly a month since we’ve passed the law and FEMA has done virtually nothing to protect flood insurance policy holders. FEMA needs to take action immediately because if policies lapse, people could literally lose their homes – the risk that new rates would have protected against.”

“On behalf of our constituents, we want to know why the Obama administration continues to uphold unaffordable flood insurance premiums that Congress expressly overturned. This is not fair and any foot dragging by FEMA to implement the new law is unacceptable,” Cochran said.

Political News
4/14/14