FEDERAL LAWMAKERS PROPOSE LEGISLATION TO ADDRESS NATIONAL FLOOD INSURANCE RATE INCREASES
First Selectman Mike Tetreau announced today that over 134 members of the House of Representatives have introduced a legislative solution to fix the National Flood Insurance Program (NFIP) and ensure changes are implemented affordably. The Homeowner Flood Insurance Affordability Act (H.R. 3370) calls for a four-year delay to the NFIP and requires the Federal Emergency Management Agency (FEMA) to complete an affordability study and propose a framework that addresses affordability issues. A companion measure has been introduced in the U.S. Senate. First Selectman Tetreau said, “If this important proposed legislation is approved, it will be a welcome change for some of our residents, especially those affected by Storm Sandy, who are facing the burden of flood insurance rate increases. A…
