The Senate Banking Committee approved a flood insurance reform bill Wednesday that does not include wind damage, as Gulf Coast lawmakers had hoped, after key senators decided not to offer an amendment expanding the federal program to cover wind.
Sen. Chuck Schumer, D-N.Y., and Sen. Mel Martinez, R-Fla., dropped their plans to amend the bill with a wind provision when it became clear that the chairman, a ranking Republican, and others from non-coastal states opposed it.
Sen. Minority Whip Trent Lott, R-Miss., who lobbied banking panel members, said he would continue to press for wind coverage. “We’re going to assess if we can even get it up for consideration,” said Lott. “I’m interested in results.”