Garrett Takes the Lead on Flood Aid for Sandy Relief

Jan 4, 2013 Issues: Financial Services

WASHINGTON, DC – Rep. Scott Garrett (R-NJ), issued the following statement regarding the bill that will increase the National Flood Insurance Program’s (NFIP) borrowing limit to ensure funds are available to meet the claims received from Sandy victims:

“As someone who has been on the ground, viewed the devastation, and helped clean up some of the damage, I certainly believe that those who have bought flood insurance should expect to receive the coverage they paid for.  Today, the House is taking steps to ensure that the federal government fulfills its contractual obligation to all those who have purchased national flood insurance.  A temporary increase in NFIP’s borrowing limit is required.”

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