September 7, 2017

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FSR Urges Congress to Extend National Flood Insurance Program in Emergency Storm Aid Package

Congress must quickly deliver needed aid to Texans suffering in the wake of Hurricane Harvey and protect Americans from future flooding disasters through a long-term reauthorization of the National Flood Insurance Program.

FSR Urges Congress to Extend National Flood Insurance Program in Emergency Storm Aid Package
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FSR Urges Congress to Extend National Flood Insurance Program in Emergency Storm Aid Package

 

WASHINGTON – The Financial Services Roundtable (FSR) today called on Congress to pass a storm aid package that includes a short extension of the National Flood Insurance Program (NFIP) while also urging policymakers to enact a long-term extension of NFIP.

“Congress must quickly deliver needed aid to Texans suffering in the wake of Hurricane Harvey and protect Americans from future flooding disasters through a long-term reauthorization of the National Flood Insurance Program,” said FSR CEO Tim Pawlenty. “The financial industry is working to rebuild communities in Texas through financial assistance and in other ways that will help people get back on their feet.”

Hurricane Harvey and the threat of Hurricane Irma approaching the U.S. East Coast further highlights the importance of NFIP. While FSR believes a 3-month extension of the Program is an important first step, a long-term reauthorization with appropriate reforms that increase capacity, streamline the process, and create greater certainty in the marketplace to help more Americans.

 

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About The Author

The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.

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