In the Wake of Hurricane Michael, Crist, Williams Move to Help Homeowners and Businesses Better Protect Property From Storm Damage

October 19, 2018 by TWN Staff
In the Wake of Hurricane Michael, Crist, Williams Move to Help Homeowners and Businesses Better Protect Property From Storm Damage
Brian Bon inspects damages in the Panama City, Fla., downtown area after Hurricane Michael made landfall along Florida's Panhandle on Wednesday, Oct. 10, 2018. (Pedro Portal/Miami Herald/TNS)

In the wake of Hurricane Michael, a fast-moving storm that recently devastated the Florida Panhandle, Representatives Charlie Crist (D-FL) and Roger Williams (R-TX) have come together to address the high cost of flood insurance premiums. The two collaborated at a time when partisanship is at its highest, just before the midterm elections, to introduce bipartisan legislation that they contend is necessary to protect both public safety and the economy.

The lawmakers argue the “State Flood Mitigation Revolving Fund Act” (H.R. 7037) would drive down flood insurance premiums by creating a low-interest loan program to help property owners better protect their homes and businesses from storm damage, ultimately reducing post-disaster claims.

“Bringing down flood insurance premiums while helping folks better protect their homes from storm damage is a win-win for Pinellas families and businesses. Mitigation is key to reducing post-disaster relief costs, saving taxpayer dollars, and building more resilient communities in the face of more extreme weather and rising sea levels. The devastating storms we’ve seen within the last year speak to the urgent need for federal action on flood mitigation programs, protecting public safety and our economy,” said Crist.

Modeled after the successful Clean Water and Drinking Water State Revolving Loan Funds, H.R. 7037 would establish a state revolving loan program to help fund flood mitigation projects for homeowners, businesses, nonprofits, and communities. The program would help states offer low-interest loans to NFIP participants for flood mitigation projects to better protect their properties, reducing post-disaster claims. For those participating in the program, FEMA would offer NFIP premium reductions in line with mitigation efforts taken.

“Flooding is the most common and costliest natural disaster in the United States and it was past time to address the need for mitigation. This legislation will prevent federal post-disaster spending and minimize the unforeseen burdens on American families, as well as the economy,” said Williams.

In a letter to Crist and Williams, Pew Charitable Trusts, Association of State Floodplain Managers, Association of State Wetland Managers, Enterprise Community Partners, Consumer Mortgage Coalition and Union of Concerned Scientists offered strong support for the legislation, referencing its promotion of flood mitigation, flood insurance affordability and assistance for low-income families.

A+
a-

In The News

Health

Voting

In The News

May 17, 2024
by Tom Ramstack
Justice Dept. Plans Reclassification of Cannabis to Less Dangerous Drug

WASHINGTON — President Joe Biden on Thursday announced a recommendation for the U.S. Drug Enforcement Administration to relax restrictions on... Read More

WASHINGTON — President Joe Biden on Thursday announced a recommendation for the U.S. Drug Enforcement Administration to relax restrictions on cannabis. "This is monumental," Biden said in a video announcement. "Today, my administration took a major step to reclassify [cannabis] from a Schedule 1 drug to... Read More

May 17, 2024
by Dan McCue
15 House Members Named Finalists for Extraordinary Public Service Awards

WASHINGTON — Fifteen members of Congress, Republicans and Democrats, have been named finalists for a Democracy Award, an annual award... Read More

WASHINGTON — Fifteen members of Congress, Republicans and Democrats, have been named finalists for a Democracy Award, an annual award bestowed by the Congressional Management Foundation to recognize excellence in constituent services by members and their offices. Founded in 1977, the nonpartisan Congressional Management Foundation is... Read More

May 16, 2024
by Dan McCue
Justices Hold Consumer Protection Agency’s Funding Is Constitutional

WASHINGTON — The Supreme Court on Thursday rejected a constitutional challenge to the Consumer Financial Protection Bureau, ruling the mechanism... Read More

WASHINGTON — The Supreme Court on Thursday rejected a constitutional challenge to the Consumer Financial Protection Bureau, ruling the mechanism used to fund the agency does not violate the appropriations clause. The decision, by a 7-2 vote, ended what many considered the most dangerous legal challenge... Read More

May 16, 2024
by Tom Ramstack
Trump’s Attorneys Portray Star Witness as Liar Trying to Get Revenge

NEW YORK — Defense attorneys for former President Donald Trump hammered away at the prosecution’s star witness Thursday in a... Read More

NEW YORK — Defense attorneys for former President Donald Trump hammered away at the prosecution’s star witness Thursday in a New York court by portraying him as a persistent liar. Michael Cohen admitted lying on previous occasions while working as the personal attorney for Trump. He... Read More

May 16, 2024
by Dan McCue
Federal, State Agency Collaboration Speeds Recovery From Baltimore’s Key Bridge Collapse

WASHINGTON — Transportation Secretary Pete Buttigieg remembers Monday, March 25, as being like any other night. The last thing he... Read More

WASHINGTON — Transportation Secretary Pete Buttigieg remembers Monday, March 25, as being like any other night. The last thing he did before going to sleep that night was put his cellphones on a dresser across from his bed, “so I’m not tempted to keep myself awake... Read More

Census Bureau Estimates: Detroit Population Rises After Decades of Decline, South Dominates Growth

DETROIT (AP) — America’s Northeast and Midwest cities are rebounding slightly from years of population drops — especially Detroit, which... Read More

DETROIT (AP) — America’s Northeast and Midwest cities are rebounding slightly from years of population drops — especially Detroit, which grew for the first time in decades — though the South still dominates the nation's growth, according to U.S. Census Bureau estimates released Thursday. Detroit, Michigan’s... Read More

News From The Well
scroll top