David Vitter said "periodically new flood maps are issued by FEMA. When a new flood map comes out, some properties that used to not be in a flood zone may now be in a flood zone, or move from a lesser to a more severe part of a flood zone. This amendment would simply say we are going to charge higher premiums, absolutely, but we will transition that over 5 years instead of the 2 years in the bill. The 5 years is the same provision as in the House bill. I think it is a reasonable transition, still getting to that new higher premium." @ PoliticalQuotes.com

On the recordMay 7, 2008

periodically new flood maps are issued by FEMA. When a new flood map comes out, some properties that used to not be in a flood zone may now be in a flood zone, or move from a lesser to a more severe part of a flood zone. This amendment would simply say we are going to charge higher premiums, absolutely, but we will transition that over 5 years instead of the 2 years in the bill. The 5 years is the same provision as in the House bill. I think it is a reasonable transition, still getting to that new higher premium.

Said by

David Vitter

Republican · Louisiana

Source

govinfo.gov

Editor's note · Context

Discussing amendments related to flood insurance premiums and FEMA flood maps.

Share on X Share on Facebook Email this quote