House, Senate Pass Changes to FEMA Flood Insurance Program
On Thursday, March 13, the Senate passed a controversial bill to change the FEMA flood insurance program. President Obama is expected to sign it into law.
The Senate approved the measure by a 72-22 vote. The House passed the bill last week.
From The Washington Post: "The legislation significantly rewrites a major overhaul of the flood insurance program that passed almost unanimously in 2012. Those 2012 changes were aimed at weaning hundreds of thousands of homeowners off of subsidized rates and required extensive updating of the flood maps used to set premiums. But its implementation has stirred anxiety among many homeowners along the Atlantic and Gulf coasts and in flood plains, many of whom are threatened with unaffordable rate increases."
Nick Palatiello of MAPPS says: "MAPPS is engaged with FEMA and we’ll keep the community informed on any impacts this legislation has on the RiskMap program and USGS 3DEP."