2017 NFIP Reform

In March of 2014, Congress passed the Homeowners Flood Insurance Affordability Act (HFIAA). This act limited the annual allowable rate increase for any policy at 18%, reinstated grandfathering and pre-FIRM provisions, along with other important reforms.

This year, the HFIAA and Biggert-Waters both expire on September 30th.  A new bill will need to be written to replace the National Flood Insurance Program. The Marshfield and Scituate Coastal Coalitions, along with other coalitions and leaders across the state, have worked hard over the past several years to formulate NFIP reforms to help write the next piece of legislation that will keep the NFIP affordable, sustainable and add certainty to the program going forward.

This group of regional experts meet monthly through conference calls to review updates from the 2017 reform and with national leaders.  Here you will find reform specific information and downloads


RECENT HEARINGS: HOUSE FINANCIAL SERVICES



REFORM SPECIFIC DOWNLOADS

SENATE

Cassidy-Gillibrand Summary

Summary of draft legislation


Cassidy-Gillibrand Full legislative text

SAFE NFIP Act

Senate bill, Co-sponsored by Senators Bob Menendez, John Kennedy, Chris Van Hollen, Marco Rubio, Elizabeth Warren, Thad Cochran, Cory Booker and Bill Nelson

 



HOUSE

HR 2874: ‘‘21st Century Flood Reform Act’’ NEGOTIATED

the bill language of HR 2874 with the negotiated language forged within US House leadership 


 


TESTIMONY/COMMENTS

CSFI Testimony to Congress

Testimony given on 6/7/2017


CSFI Top Concerns with House NFIP Bill

Top concerns with the US House "21 Century Flood Reform" bill 


To see how to make an impact, CLICK HERE


LETTERS TO CONGRESS

CSFI Letter to Congress

Letter that the MCC is signed on to 



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