this is noncontroversial and essentially corrects the earlier action of the committee with respect to flood insurance rates. We had inadvertently included language which would freeze the flood rates in place on June 1, 1996, and did not realize this would greatly reduce the flexibility FEMA has to adjust rates up or down in accordance with the provisions of the Flood Insurance Reform Act of 1994. This amendment merely restores the necessary flexibility needed by FEMA to operate this program successfully. I know of no opposition to this amendment and urge its adoption.
Jerry Lewis: “this is noncontroversial and essentially corrects the earlier action of the committee with respect to flood insurance…”
Editor's note · Context
Discussing an amendment to correct flood insurance rate provisions.
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