House Republicans’ plan to vote this week on a bill to reform the National Flood Insurance Program (NFIP) has been delayed.
A House staffer blamed the delay on a “technical” issue that was the result of bundling several flood insurance bills together into one piece of legislation in an attempt to get it to the House Floor.
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House Majority Whip Steve Scalise (R-La.) and Financial Services Committee Chairman Jeb Hensarling (R-Texas) have been pushing to get the bill passed, according to a Houston Chronicle
“The bill we support will begin to make the flood insurance program more stable and sustainable for the people who count on it,” Scalise and Hensarling said in a joint statement this week. “Being from Louisiana and Texas, we are all too familiar with the devastating effects of floods and the havoc they wreak on communities.”
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However, the legislation has received pushback from some insurance professionals. The National Association of Professional Insurance Agents (PIA) has come out against the bill
, saying that if passed into law, it would cause increased costs that could force independent insurance agents to stop participating in the NFIP.
House reaches deal on flood-reform bill as insurance agents lobby against it
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