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Van Hollen Statement on the Flood Insurance Reform Act of 2011
Washington,
Jul 12, 2011 -
Mr. Speaker, I rise in support of the Flood Insurance Reform Act of 2011 (HR 1309).
The National Flood Insurance Program is the primary source of reliable and affordable flood insurance for over 5.6 million homes and businesses. Today’s bipartisan legislation reauthorizes the program for five years through FY 2016 and contains numerous reforms designed to put the program on firmer financial footing.
The bill is supported by the National Association of Realtors, the National Association of Homebuilders, the American Insurance Association, the Property Casualty Insurers Association and the Independent Insurance Agents and Brokers of America, and in my judgment, strikes the proper balance between providing Americans with the flood insurance protection they need at a price taxpayers can afford.
I urge a yes vote and yield back the balance of my time.
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Congressman Chris Van Hollen
