November 14, 2017

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Long-Term Flood Insurance Reauthorization Crucial to Protecting Americans

Today’s advancement of long-term reauthorization of the NFIP helps create greater certainty for Americans seeking protection from flooding disasters.

Long-Term Flood Insurance Reauthorization Crucial to Protecting Americans
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Long-Term Flood Insurance Reauthorization Crucial to Protecting Americans 

Urges Senate to quickly pass long-term reauthorization bill

 

WASHINGTON – The Financial Services Roundtable (FSR) today commended the U.S. House of Representatives for passing a bill to reauthorize the National Flood Insurance Program (NFIP) for five years and reform the Program to better protect Americans from flooding disasters.

“Today’s advancement of long-term reauthorization of the NFIP helps create greater certainty for Americans seeking protection from flooding disasters,” said FSR’s Head of Government Affairs Anthony Cimino. “Policymakers worked tirelessly with all stakeholders and crafted a reauthorization package that increases private sector involvement and streamlines lenders’ ability to serve borrowers in flood-prone areas. With the flood insurance program’s expiration only a few weeks away, we encourage the Senate pass a long-term reauthorization reform bill.”

FSR supports long-term reauthorization of the NFIP with appropriate reforms to increase capacity, streamline the process, and create greater certainty in the marketplace.

 

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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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