Sen. Kennedy (R-La.): Senate Extends National Flood Insurance Program Through End Of Hurricane Season
Jul 31 2018
WASHINGTON, D.C. – U.S. Sen. John Kennedy (R-La.) issued a statement today after the Senate passed a four-month reauthorization of the National Flood Insurance Program (NFIP). The reauthorization protects more than 500,000 properties across Louisiana through the remainder of hurricane season.
“It would have been bone-deep, down-to-the-marrow stupid to let the National Flood Insurance Program expire in the middle of hurricane season, and my colleagues realized that,” said Sen. Kennedy. “With this extension in place, we can tackle long-term reforms. The last time we truly reformed the NFIP was never. It’s about time we did. The program needs to be affordable and sustainable.”
Sen. Kennedy has pushed for an extension of the National Flood Insurance Program while working on long-term reforms that will keep premiums affordable for families.
A year ago, Sens. Kennedy, Bob Menendez (D-N.J.), Chris Van Hollen (D-Md.), Marco Rubio (R-Fla.), Elizabeth Warren (D-Mass.), and Thad Cochran (R-Miss.) introduced comprehensive, bipartisan legislation to make much-needed reforms to address the waste and abuse in the program. The legislation, entitled “The Sustainable, Affordable, Fair, and Efficient (SAFE) National Flood Insurance Program Reauthorization Act of 2017,” protects policyholders from excessive rate hikes.