Congressman Andy Harris Releases Statement on Today’s Bailout of the National Flood Insurance Program

FOR IMMEDIATE RELEASE

January 4, 2013

 

Congressman Andy Harris Releases Statement on Today’s Bailout of the National Flood Insurance Program

 

Congressman Andy Harris, M.D. released the following statement on today’s bailout vote for the national flood insurance program:

 

“The current national flood insurance program is obviously broken and must be reformed.  Unfortunately, today’s vote does nothing to ensure the long-term stability of the national flood insurance program which is important to the Eastern Shore.  The bill increased the program’s borrowing limit from $20.7 billion to $30 billion with no plan to pay for it, and included no plans to make sure we would not have to bail out the program again in the near future.  Instead of writing another blank check, we should have used this bill as an opportunity to strengthen the program to protect people from future floods that we know will come.  We have an obligation to guarantee the national flood insurance program meets the current obligations from Sandy, as well as to make the program sustainable so that it does not need another multibillion dollar bailout when the next storm hits.”   

 

 

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